atans1

Warning when guessing next yts’s market

In Uncategorized on 19/12/2016 at 2:43 pm

From NYT Dealbook:

Market Tea Leaves
“As January goes, so goes the entire market year.”
Wrong. (This year at least.)
After a bleak January for stocks, major American markets have been at or near record highs as we near the end of the year.
More recently, the dollar has surged and Treasury prices have tumbled after the Federal Reserve raised interest rates, as The Wall Street Journal reports. This could hamper earnings, but stock markets seem to have taken it in stride.
It can be tricky to predict what will happen on the stock market, especially if you’re not sure what lies ahead in a Trump administration.
Burton Malkiel, emeritus professor of economics at Princeton, has some sage advice: “Whether you think Trump will be wildly successful or he’ll be a disaster, don’t try to move in or out of assets because you think you know what’s going to happen.”
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  1. Well the tea leaves were kinda correct for S’pore and Asia in general. Maybe its more accurate for export-oriented economies…

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