Tuesday, February 9, 2010

Chinese New Year, a bargain hunting?


more data on fundamental improvement:

- U.S. unemployment rate falls to 9.7 percent
- Out of 314 S&P 500 companies, 74% beat analyst expectations.

OK, the giant definitely has enough fundamental data to show off that it is coming back on track.

Come back to BURSA,
The current global correction should serve as an adjustment to bring the equity markets back to the fundamental. We might not be seeing another superb run like in year 2009, but a better(slower) and brighter(economy stability) future for everyone  :=)

Unclepicks has ~45% cash. Target to accumulate again at ~1,200.

Wishing everyone a prosperous Chinese New Year.

1 comment:

  1. Hi Uncle, my observation U.S market can change really fast one. Still remember on last year rumor that this year we will see Markets goes dip. What is your opinion sir? thanks..

    ReplyDelete