@VALUEPICK wrote:@Quibit wrote:648 expected drop also seems in with 6600 technical support level. More 100 day surprises will make it hard for any possible support. Time to select sleeping beauties!!
I agree with you about small, mid and large sleeping beauties in the market. Investors and traders overlooked those shares especially in 2014. Everybody make mistakes even top global bankers and top analysts globally. Didn’t they say that gold is going to go to $ 10,000 and Oil going to $200? Now gold is trading around $1200 level and oil $45. Because of them all oil and gold hedgers and airlines etc get into trouble. We will slowly study these beauties in the market.
I believe institutional investors may start to buy value stocks in the future especially in most promising areas in the mid and long term basis such as food and farming, hotels and plantations. Both governments like those areas. Look at Asian population. What do they need mostly? All types of food and all type of hot and other drinks, health, education, travelling and infrastructure. It is time to do our own study to pick real beauties in the market.
Both governments are business and investment friendly. Once national government forms in June market may break not only 8000 but also 10,000 most probably in 2016. When national government forms we will see some of the well experienced people in the cabinet.
Happy dreams chum!
Very positive attitude especially in these critical times.
We need some of you to soothe us and encourage us to linger in this market a bit more.