Tuesday, April 1, 2008

Apr-1 Market Comments

The market is acting very in a very positive manner amid so called good news. As you can see, the money makers set the tone of the market. UBS and LEH can get money by issuing more stocks, then the market goes up, while Ping An and Zhao Shang did this, Shanghai market plunged. What I want to say is very simple, there is no simple rule to judge whether the market will go up or down against certain kind of news, as it is only determined by how the big sharks explain the news. If big MMs say, this is positive, then market goes up, otherwise, you will see a bloody scene. Well, don't forget the news agencies are also controlled by different forces, whose money is an very important element in the whole chain of their business. Whatever the kind of business is.

In short, hold tight and buy on dips (my "dips" mean -10% correction not -1% small waves on individual stocks) in next days and weeks. I think I don't need to say what to buy again. :)

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