Downward drift

Market has priced in too much optimism already. Ahead of the Q2 earning season report, the market is set to fluctuate in tight range. Once the earning disappoint, it could correct significantly. Then, maybe it is good time for those still holding lots of cash to enter. Of course, many people have different opinion towards the market and stock price. For me, if it is a little bit expensive and the situation is unclear, I don't want to be caught. I just wait patiently.

Recently, MIDAS announced quite many contract win. I think this is a result of the China railway network expansion policy filter down to the ground level. I am quite bullish on the railway sector. It has nothing to do with export and US consumer. This is government money and they are determined to spend it.