The current rally at the stock market pushing up FBM KLCI appears promising but when you look at the sectors, almost all of them are showing high volumes by small caps. To me it is too early to go into these stocks and my past experience has shown that it is not safe especially when you are buying stocks for a longer term!
While a few selected bluechips are doing well, many are not having the normal volumes seen about eight weeks ago. Are the institutional players taking a breather and retail investors are out in full force? The Dow Jones surpassed 10000 more than a week ago on US economic recovery sentiments but the weak greenback may have kept the foreign fund managers away.
To me, while the market is looking "bullish" and exciting, it is better not to be with this crowd instead it is now time to buy those value stocks and hold on to them and wait for the mutual fund managers window dressing their portfolio balance sheet!
While a few selected bluechips are doing well, many are not having the normal volumes seen about eight weeks ago. Are the institutional players taking a breather and retail investors are out in full force? The Dow Jones surpassed 10000 more than a week ago on US economic recovery sentiments but the weak greenback may have kept the foreign fund managers away.
To me, while the market is looking "bullish" and exciting, it is better not to be with this crowd instead it is now time to buy those value stocks and hold on to them and wait for the mutual fund managers window dressing their portfolio balance sheet!
Posts
No comments:
Post a Comment