After the continuous rally for few days to reach 3100 pts above, STI index has dipped below 3050 pts again due to the several concerns, e.g. Libya riots, Saudi unrest (possible to hike oil price), Spain credit terms, China interest rate hike & a major incident happened on Friday afternoon, which was M8.9 earthquake at eastern Japan. This big quake has given the overall stock market a big shock & caused the stock market dipped before closing.
Though overnight US Dow Jones has closed slightly higher, where investors were selectively buying undervalue stocks & those construction, material stocks due to the rebuild situation after the earthquake in Japan. We shall see Asian stock markets situation on Monday whether will be badly affected or rebound due to the better bargain buy on selective stocks. Current focuses on Middle East or North Africa unrest may temporary divert investors' interest to the rescue & rebuild situation in Japan at the moment, I shall pray & bless the people in Japan for the situation to be controlled & safe in the priority. Hope this may not be a big hurdle for the stock market to begin the last Bull rally in the view of market cycle investors.
Just to share my personal investment feeling throughout the journey of learning to be a market investor
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