It is still ugly, judging from the news flow.
More default
Unwinding of yen carry trade
Sliding US dollar
Surging gold and oil price
Inflation worry or stagflation worry
For the deep pocket, can still buy selectively. But for the already vested more than 50%, don't think it is good time to catch the bottom. Think would just wait and wait, till all the bad news are out (although nobody could tell exactly when). Have a time horizon of 2-3 years and prepare to hold the strong companies till then.
Thursday, 13 March 2008
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