QUOTE(xuzen @ Jun 25 2018, 11:04 AM)
I see this see-saw up down volatility in the market and I attribute it to one person, namely the current sitting POTUS: Mr D. Trump.
Everytime he opens his mouth, the market reacts. And I am sure he knows that very well.
We all know that he is extremely rich.
Now, suppose he knows that very well, and suppose he purposely open his mouth, says so SH1T and the market goes down.
What is going to stop him from grabbing those oversold equities with his vast horde of cash?
Then later he goes and says something positive, the market reacts again.
What then, is going to stop him from selling those equities that he got cheap?
You see the trend? The morale hazard?
If you notice, he has a trend of saying some SH1T against China or NK, then make up with China and NK and the cycle repeats ad infinitum.
Is it just me, or anyone else notice a trend?
Xuzen
NB: If I am in his position, with the authority and cash at my disposal, why not do it? What is going to stop me from doing this? That is the question I am asking myself.
felt similar with you.
If this guy keep doing this, the whole world will turn against him see what happen at europe, japan, india even its neighbour canada are reacting oppose to him recently.
is Trump doing this for his own wealth or saving bullets for his next coming US election.......
What we can do is see what will turn out the market be in 1 month.
Nevertheless, since market see saw is cause by nonsense mouth, actually the fundamental value of apac still remain healthy except if the trade war become reality and getting worse,
we should keep holding apac funds for now.
I will sell some of my emerging and us holding inversely, while keeping apac now for the moment.
This post has been edited by ehwee: Jun 25 2018, 06:10 PM