It has been a week since I came back from Australia, but I am still waking up at 5AM for the past week, I guess my biological clock is still sticking to the Melbourne time (which is 3 hours ahead of us). Anyway, it's weekend once again and I am sure many friends here are re-charging ourselves and spending quality times with loved ones.
Looks like we are kicking off the bull run, or do we? The STI has shoot up 6.39% just within a week, from 2,666.51 on Monday (29/02/2016) to 2,837.00 on Friday (04/03/2016). Of course, no one know for sure how long will this mini bull run last and it could be a bull trap, no one ever know. Also, avoid falling into the FOMO (Fear Of Missing Out) mode. My friend, B, recently published a post on FOMO, do check it out to understand better what is his view.
Having said that, from the overall recent macro market news e.g. the oil price, the US unemployment rate etc.. which are pointing to the positive direction, my humble guess is that this run might still continue for a little while (don't quote me, this is just my weekend wild guess lol). Regardless, I think it is still important to keep some money in the market (remain invested) and keep some in cash, just in case other opportunities strike.
Lastly, have a great weekend all!
Cheers!
Bull or Bear is just huat big or huat small. Love them all. :-)
ReplyDeleteCw8888 : true! Looks like u r huat-ing big and small! Lol
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