Hey Folk
The market now is like what we have in December last year. Shaky again.
Overall we are still in a low
interest rate environment and the Advance/Decline also show that is moving up.
Bond price is still in the up move and no big divergent against the stock
market.
The big picture is still up,
but in the near term the market maybe coming off.
Stock market top is much
easier to spot than stock market bottom. There is no sign that the market is
toppish for now. I wish to point out something, stock market are usually upward
bias. To beat the market, we can just maintain a long term buy position and
spot the toppish picture and short the market. In this case, one will beat the
market.
Take note some swiss based
bank in Singapore are going to charge u interest for depositing Euro or Swiss
franc. So instead of getting interest you are paying interest. This is the
negative interest rate environment.
Cheer
