Latest news, S&P downgraded US rating to AA+, one level down from AAA. It is going to unsettle the market for next week. Expect more downside for the stock market. The good part is I didn't really buy a lot these few months, waiting for more opportunity.
After the US debt ceiling soap opera, the purpose of S&P to downgrade US rating is puzzling. What is the difference compare now vs previously? Since the debt ceiling has been raised every time? With the current speed, the QE3 will be out sooner than later. Expect the stock market to bounce by then. Meanwhile, if possible, buy some quality name.
Hong Kong stock market also experienced big drop. Hopefully the stock get de-rated, so I can start establish my position there. The current volatility is interesting for investor to buy cheaply. The double dip word is coming back in the news.
Saturday, 6 August 2011
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