But I would like to point out that Dow Jones have hit all time high when the economy is still struggling. It goes up because of hopes on future earnings. If the earnings fail to pan out the quantum the market expect, it will likely to come down hard.
Given there is recent surge & new waves in covid cases around the world PLUS the Dow Jones now at all time high, it is not a sin to take the money from the table and wait patiently for the opportunity to emerge in End-October 2021.
If you decide to hold and do nothing, your action is as good as letting others to sell first at the peak. A 15-20% drop, margin calls for those bilis. Then, major selloff will be triggered. As per experiences in the past, there will be 2-3 major selloff in a year. I think the time is about to come.
CLSA is not reliable for KLCI market due to our political issues. Since the ruling party lost 2/3 of the majority, our market is wobbling. More reliable for Hang Seng Index. But is a good sharing anyway.
Political uncertainties & Covid at all time high. The possibility of Dow Jone continuing to reach record high every day is unlikely to happen in the near future. The best if you could go defensive now by keeping some cash so that you can switch from defensive to aggressive when the opportunities knock your door.
Sorry I mean today as I feel after reading all.kinda funny articles.. Lots of people sold due,to fear. If institutions sell, that is another matter.. BUY WHEN EVERY ONE IS FEARFUL!! And hold.. I gonna load up.on my Public Bank.. Hehe
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....