Friday, February 18, 2011

Mkt update

Hey folk

Asia market continue have weakness, STI will have a further downward move till 3040s lvl.

For the US, it dont seems it have much problem going up.It have went up for every pull back. Though the up move is not alot, but every day a few points up, a month down the road and you see the index going much higher. I think US would not have a major correct as of now, but please be cautious.

Right now, we still see a diverse in performance between the US and Asia. However, in US there are various indication that shows that the economy are picking up and there are chances that the pace may be that of 2003. As for in Asia, economy are doing good. Asia still enjoy growth but with higher inflation. Goods price will rise significantly.