Market Update 270907
September 27th, 2007 NW Teong
The global stock markets have played up well since my blog of “Surge of Liquidity” published on 20th Sept 2007. Regional indices such as Hang Seng Index, STI have reached historical record and even Dow and Nasdaq have risen so much so that they are just a whisker away from their recent peaks achieved in the middle of July 2007. In my blog of “Surge of Liquidity”, I have argued that the key beneficiaries of this liquidity driven bull run should be the merging markets, especially those in Asia. Please re-visit this blog to refresh your memory! As mentioned before, stock markets should be in good shape all the way till end of the year albeit unforeseen circumstances. Of course, as a cautious investor, we have to be mindful of the markets when the anniversary of Black Monday is coming near. We don’t call October as a jinx month for no reason!
As in any liquidity bull run, all big blue chips would have a good run first, follow by mid-caps, then the last stage will always be dominating by the penny stocks. Let me repeat my call on 20th Sept 2007 as follows:- Ride on this liquidity play and perhaps have a good harvest at the end of the year. Cheers!
Master “The Essence of Stock Investment” and ride towards the journey of your financial freedom! Be the “Master of Your Own Destiny”!
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