Saturday 4 April 2020

Stocks. Crash

Was a minor hit for Gwen Stefani. The title of this song is enough to send shivers to any bull trader. Many people out there have been asking me if this is the right time to buy stocks?

🙄 I am the last person to be asked this question, because I haven't  seriously looked at Bursa Malaysia over the past three years. Instead i have been saving and purchasing physical gold..

So i don't know, it it is the right time to buy Air Asia, Public Bank, Top Glove or some oil stocks or not. But i do know that OCBC economist Wellian Wiranto makes a lot sence in his latest research note.

With so many factors in flux -- from crude-oil prices to the course of the pandemic to the extent of Malaysia’s lockdown period -- “economic forecasts, to be extremely frank, have been rendered largely meaningless,” he wrote in a research note.

So my advice, would be  (lyrics pls)

Now you know you're qualified
You're in the pole position
Put it in first gear, step on the pedal, and drive fast