Dear Readers,
The Month of Oct 2012 has been great for our investors/traders alike in the KLSE market as we recovered from horrible month of Sept 2012 and we break to an all time historical high for KLCI. So far, for month of Oct, we are up less than +1%. This has never happened before. (We are making new high history now !!)
The seasonal monthly investing calendar that we have been talking over the past months has paid dividend as it give us a path on how to tread in these bullish times. Across the Causeway to the South, the Singapore Stock Market did not fare as well as our market. The SGX market is down slightly -2%.
Despite the latest European economic report e.g. Spain/Greece economic bailout and US Presidential Election on this coming Nov 6, 2012 with Obama pitting against Romney, all sparkles and fireworks are ready to be lighted soon,yet the two markets continue to hold its ground and one of them break into new high @ 1669 for KLCI in the background.
These market still have some room to move higher. Look at the coming report below and you will know why.
The latest figures out from the EU are about 5 countries in recession and EU unemployment rate above 10.6% with the worst hit Greece at above 25%. This mean the austerity pills are difficult to swallow for many EU residents as they have been used to it over the last decade. On the other hand, Malaysia & its ASEAN MIST (see last month stock market comments) is the emerging economics are the currently most admired countries now.
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- Martin -
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