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04-02-2014, 11:24 PM
In one of my previous posts, I mentioned that you can never know how news are being absorbed by market.
If US economy shows signs of recovery, which is good news (market should goes up), Fed rightly taper bond buying.
But market reacts by going down, due to Fed's tapering.
So I prefer to steer clear until dust settles.
Singapore market will always react to US' swings.
If US goes down, Sg will get dragged down as well, regardless of good local corporate report.
No need to win every battle, winning the war is more important.
Again, this is simply my point of view.
If US economy shows signs of recovery, which is good news (market should goes up), Fed rightly taper bond buying.
But market reacts by going down, due to Fed's tapering.
So I prefer to steer clear until dust settles.
Singapore market will always react to US' swings.
If US goes down, Sg will get dragged down as well, regardless of good local corporate report.
No need to win every battle, winning the war is more important.
Again, this is simply my point of view.