QUOTE(ry8128 @ Oct 17 2020, 02:28 PM)
In general, election always create uncertainties, and investors/traders dun like uncertainties in stock market. So most investors will do their profit taking by then. And after election, there is very high chance to have a major correction.
Thanks. The 2nd stimulus package is not finalised yet and may be delayed until after election. Also, election results will not be known so soon due to the mail in ballots. Trump is likely to lose and he will not be willing to hand over power willingly. So the taking profit/major correction date will be harder to pin point
QUOTE(skty @ Oct 17 2020, 03:53 PM)
some tech stock here is not affected by Nasdaq up or down. haha
queuing everyday
i quote back my previous posts to answer you.

I just wanna share something I noticed from my experience, majority investor only will look at both, FA and TA. I term them as average investor. Those normally can generate good passive income from investing.
Those who do trading one, ermmm... I will neglect them because they will never be rich.
Those who never do homework one, I term them as gambler. They normally are my bosses. Give me money.
Less investors will look at both, FA and TA. And they have really really good control over their emotion. I term them as good investor. Those normally can be financial freedom already.
Even less investors will look at both, FA and TA. And they have really really good control over their emotion. And they have also look at CA. I term them as very good investor. Those normally earn big big money.
Super rare investors will look at both, FA and TA. And they have really really good control over their emotion. And they have also look at CA. And they can trace where to money flow to. I term them as legendary investor. Those normally are one of the richest in the world.
In US, as currently they are undergoing MMP3, many equities price rising rate is already off track from the actual condition. When things are suppose to get cheaper, instead, the price is maintained or higher. This is alarming.
If I guess correctly your overseas A, then I think in local market you are also in I? Hard for market to become cheaper too much due to non-existent interest rate in the bonds and FDs and $ printing. Money has to go somewhere and it has gone/going to equity and housing. I do believe there will be sell downs from time to time to take profit and 'more manage' the high PEs
QUOTE(AVFAN @ Oct 17 2020, 06:51 PM)
market crash will mean -20% to -30%, circuit breaker, bourses shutdown, etc.
local+foreign, all sectors go down, incl banks, plantations, semicond, consumer.
perhaps they dun mean market crash as in crash-crash until u cannot recognize yr neighbor.
maybe they mean volatility and risk management.
it is true that nervousness has increased... since the local politics suck big time now.
us elections... been a while all major investment houses r forecasting incr volatility for weeks AFTER the elections.
more so when DT says he will not handover peacefully if he loses, citing fraud and rigging; if he wins, ok la... no fraud, no rigging!!
if it is so easy to forecast, nyse or bursa will be singing, "now, everyone can be rich".

There may still be 20% correction but it will likely rise pretty fast.
QUOTE(yehlai @ Oct 17 2020, 08:50 PM)
https://www.theedgemarkets.com/article/sino...-use-costs-us60not sure if people dare to use
So far J&J and E. Lili from us not doing well for phase 3 testing
Generally, I trust China stuff less compared to Western. But in this case, China vaccine is base on dead instead of alive (but considerably weakened for Western vaccine) virus aka China vaccine is old school type, so generally it should be safer especially for those health compromised people . China vaccine is currently being tested on many more people worldwide than compared to Western, so they may have an advantage in coming out first.
This post has been edited by abcn1n: Oct 17 2020, 10:57 PM