These few days, it is not hard to notice that the downward momentum has been broken. The broad market is moving upward. Besides, to make things even sweeter, the upward momentum is supported by high volume and good fundamental news. Basically the whole world is looking at how US stock market performance. Goldman Sachs and JPmorgan better-than-anticipated quarterly result, China's economy grew faster than forecast in the second quarter and US jobless claims drop, all these positive news help to move the world market upward and I expected the upward momentum to GO ON for weeks.
In my humble opinions, when big companies released good quarterly financial result, this will lead to other public listed companies to releasing good quarterly financial result as well. In business world, all companies are linked together directly or indirectly.
The main problem that caused US economy crisis are housing and banking turmoil. It is good to know that the banks are getting healthier and existing/new home sales are increasing as well. Bravo.
Basically, when a clear trend is formed, it needs some big news to break it.
Although some investor (aka Guru) said that the bottom has yet to come, but i am not buying it. I am saying the bottom is already behind us. I come across a Singaporean investment Guru repeatedly saying DOW is going to return to a mere 6000 points. It is not impossible, but i think it need tonnes of C4 to bom us there.
From his blog, i think he missed most of the March-June rally, as he kept saying DOW would reach 6000 points. Luckily, it did not. Now Dow is 8600+. And yet, he still dares to give classes on trading/investing. That is why i dislike about those self-claimed investment gurus. Most of them do not trade/invest after they start teaching. Why? there is risk associated with trading/investing. Teaching does not have any risk, these gurus they are happy enough to earn thousand of dollars from each and every students for just a few classes.
For your reference (different "investment guru" from whom i mentioned above):
http://www.asiaone.com/News/Education/Story/A1Story20080829-84946.html
http://www.straitstimes.com/vgn-ext-templating/v/index.jsp?vgnextoid=74c030c735bff110VgnVCM100000430a0a0aRCRD&vgnextchannel=4e60758920e39010VgnVCM1000000a35010aRCRD
Beware, give yourself a second thought when you are considering spending thousand of dollars on a-few-day investment courses.
(Maybe)These gurus WERE good, but they ARE NOT as good as they used to be. When i first started to invest/trade, i used to admire these investment guru, but i am not anymore. They make me believe that earning money in stock market is easy, but in fact it is not. 80% of investors lose in stock market.
No matter it is doing business, investing, trading, or in real estate, earning money is never easy. It needs lots of knowledge, hard work and discipline as well.
Good luck and take care.
Yours sincerely,
GOon
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