Indices are in freefall despite worldwide economic growth @ healthy clip.......
China is trying to slowdown property bubble by controlling lending.......SO China which grew @ 11.9% in Q1 wants to have a GDP growth of 9% in second half.......9% growth is slightly lower than their high 9 or 10% GDP for many years......Wall Street loved 9%+ growth before BUT is having seizure on 9% projection for 2nd half......
India is growing @ 7%+
Canada @ 3% GDP growth....
Even much maligned Europe will show Growth overall.....
BUT pre-programmed computerized trading does NOT care about good fundamental..it is all about trading to bring market to certain level THEN reverse.......
Gold Down $30.00
Oil Down $3.04
Canadian $ UP 20 tick @ 94.01
In my portfolio :
Bought AAPL @ $246.95
Portfolio is AAPL,BIDU,CREE,POT,SNDK......
Most stocks are down.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Saleem,
It seems that you want to accumulate before the report tomorrow. I thought everyone will wait for the report before making any decision. SNDK has performed well today.
Michael
Hi Michael,
It is almost impossible to time the market...it is all about risk/reward ratio.....
I feel comfortable in adding AAPL @ this price.
Sometimes news is priced in.....
Saleem
Saleem,
I agree. It is tough to time the market. However, you have done it right many times in the past and you have seen something that other people even top paid analyst did not see. AAPL has been down for several days, so it is attractive. Thanks for your input.
Michael
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