This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
The econ data for most of June will be very good as cities opened up in US. But this is countered by growing concerns over the accelerating virus cases & how bad will re-lockdowns be, if any.
ReplyDeleteIf just some minor re-lockdowns here & there, then stocks may not care. Investors also monitoring real-time data of human traffic in commercial areas to see whether people are becoming scared again & reducing going out / buying things etc.
As for local stocks, I think speculators will bid them up, especially GLCs, as they price in a PAP bumper results. Followed by profit taking next week. Classic buy the rumour sell the news. :P