The market is showing sign of life again when crude oil price retreated significantly and couple with some other positive news. I guess we can be grateful that it doesn't add to the inflationary pressure further. So our transport cost and bread don't go up again.
But, the worse is not over yet, at least majority of the people believe so. US economy and the banking system is still in uncertain stage. Inflation pressure and credit crunch still hurting growth. No sign we are out of bear yet and doing nothing might be the best strategy. Take this time to read some more books to enhance your stock picking skill or your mindset might be a better option.
No hurry to pick up cheap stock, with the fear that it might go cheaper. Anyway, if you whole heartedly believe in your judgment and don't bother with the short term volatility, please go ahead. I believe by 3rd quarter or end of the year, the situation might be clearer.
Wednesday, 23 July 2008
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