Monday, February 21, 2011
Investment Feeling on 21-Feb-11
Today again, the North Africa & Middle East tensions have caused Asia stocks tumble, including STI index. Not only that, latest move from China on tightening policy in the form of banks' required reserves increase also cause the overall equity market shaded under a dark cloud. Even though after the G20 meeting, the policymakers reached a fudged on how to measure imbalances in global economy showed minimum impact to the market. Though recent noises (e.g. countries chaos or interest rates hiking etc) will remain bothering & creating unrest in equity market, but in a bigger picture, I'm still remain optimistic for the last rally in this rabbit year, in fact, I have just added on my position in some undervalued stocks during recent dips. Meanwhile, fortunately spreading unrest & uncertainty in North Africa & Middle East have continued to push commodities & precious metals higher. Silver price has crossed US$33+ level.. Stay tuned
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