While waiting for Malaysia election approaching, I notice that the interest of stock seems to be diverse. The investor don't favour any of stock. Sitting sideline become obvious. And the market become highly sensitive now. Any election movement, news, rumours can move the market. Looking at the level of index which is over 1600, it is still at high point. I believe most of other investor thought the same. This high index certainly make a lot of people uneasy. There are certainly a lot of uncertainty in market right now.
But looking fundamentally, it is getting cheap in someway. More and more company is having free cash flow to equity above 10%, some even is in the grow industry. Although now the term is "cheap", it may get "ridiculously cheap", and even "insanely cheap". The timing issue always come back to hunt me when decision to buy is so tempting and I sometimes may act irrationally too quickly.
hmmm.which one is cheap?
ReplyDeleteyour comment box dont have the email reader when you reply their comment.
ReplyDeleteIt is surprising to see the index keep climbing when the election is nearer and nearer, and the global economy risk is getting higher. But I am not catching this uptrend until after election.
ReplyDelete