Market direction week Dec 03

Market is recovering some what. But I think the investors were still sidelined. They are waiting for clear signal, waiting for the bull to come back. Pending the expected Fed rate cut, market would rise a little bit. After that, depends on the news flow which could be good or bad, the market would react accordingly. As the outlook is still uncertain, I am reluctant to put in any capital.

According to zaobao news, Andy Xie said although China market is overvalued, but from past market cycle experience, bubble is unlikely to burst before the Olympics. There is enough liquidity in the system which would support the market.

Well, it is yet to see. Because history has proven itself over and over again. Most the prediction is inaccurate.