A friend texted me that reads ” Allianz Group Chief Economist says market crisis will calm down 2nd Quarter.”
Remembering what one of my investment guru taught me a few moons back, I texted him back, “One must realize that an economist has no business in the stock market. Historically, share prices has never been affected by the economist’s statement. Rather, it’s the daily traders and fund managers that dictates the order of the day”.
At the rate the market is behaving, I believe very much that the clueless retail traders would have taken a big loss and panic is kicking into the blood stream of these traders.
With every indices around the world affected by the bearish turn of events, I believe it’s just a matter of time that value stocks are traded at an attractive discount.
You might want to read these too...
- April Inflation Up 4.6%
- Malaysia's Election Result to Dampen Investor's Confidence
- World Ranking of Current Account Balance
- The Financial Crisis's Sacrificial Lambs
- Fuel Up in August
- It Was Never About the Subsidy
-
Jacques
