Saturday 13 September 2014

What will happen after Alibaba IPO ?

My previous post on 28 August
Markets were disconnected from reality. What will happen next to Singapore and Asia market ?

I expected my concern. In the past days, markets begin to realize situation. Correction could be continued. It is too early to buy now. More important Alibaba may be listed in 19 Sept. Market could drive down further afterward. 

I am taking defensive position by holding bond and cash.    

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