Some crucial timing

Sorry, looks like I've abandoned the blog for awhile... But I actually still monitor the market from a distance!! Yeah, given the crazy movements recently, good time to stay away from the market now... or is it really?

I'm a strong believer in trends. To me, the downtrend has not broken yet. Hence, we'll continue to see some downward movements across the global markets. And I'm not the only one. Charting master, Daryl Guppy said so too in his blog...

http://www.cnbc.com/id/27526911?__source=RSS*blog*&par=RSS

But the last few days we witnesses some very strong bull run, admittedly. It's most likely due to some investors doing bottom fishing, particularly when analysing the volume of trades involved. If so, is it a good time to buy in?

Right.... now, it depends on what your view is for the near future. With the global slow down, consumer spending will shrink too. But looking across the countries too, the interest rates are pretty low. So, if you're thinking of building some retirement nest or amassing some wealth, parking money in the bank is definately not the option. Besides, some are losing trust in banking sector, not surprised. Then, maybe parking money in the equity market will earn something. Now, that's just my 2 cents' worth of thought, everyone does have different appetite for risk too.

Of course, can't finish without mentioning the very 'hot' topic of the Obama-phenomenon. I guess the market has already expected for him to win, hence his official endorsement by the US public doesn't have a great impact on the market. It'll be interesting to see how he handle the crisis when he's inaugurated in Jan 2009. Personally, I've not seen him come up with a sound or different approach than the current administration. So, I'm still unsure how he will preside the ride.....