Buy now?

For those want to bottom fishing and buy cheap in stock market, I suggest that please wait for a moment.
Why?

1) The market is panic now. If you buy, most probably your wallet will be cut by knife.
2) The market is anticipating a recession, for recession, I think the market should drop by around 15 percent from the recent peak. The Dow should be around 10000 and HK HangSeng should be around 18000 to 19000, Malaysia? May be around 1400.

if you are doing unit trust, please sign up dollar cost averaging and invest every month.

All the things I bet and suggest above is because even if we are heading into recession,
1) I believe the world is not going to end.
2) long term prospect is looking bright especially on emerging market like Asia market because of strong fiscal position they have built up over a decade.
3) value of the good company will look extremely attractive when the market drop to the level I suggest.

Let's wait and see. And be prepare!


NOTE: The above opinion is not an invitation to buy or sell. It serves as a blogging activity of my investing thoughts and ideas, this does not represent an investment advisory service as I charge no subscription or management fees (donations are welcomed though). The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.