Yes,
I agree, but pprovided that PIGS will not ocme out to spoil the party.
BUt have u notice recent US rally have bot cause the STI to soar???
election???invester selling, fund selling, but the vol is low, so i thk most not buying, wait and see election result, or fund have all gone to US mkt???
but i dont see this to last long, so it is the best time to buy the dip.
[hr]
[garl 29-04-2011]:
From Mobius to Cheongwee: I disagree with you on your doomsday scenario!
The global equities
bull market
will weather any halt in bond purchases by the
Federal Reserve
amid rising U.S. consumption and investment in emerging markets, according to Templeton Asset Management’s
Mark Mobius
.
U.S. stocks rose, sending benchmark indexes to almost three-year highs, after the central bank yesterday renewed its pledge to keep
interest rates
near zero to stimulate the economy. The
Federal Open Market Committee
agreed to finish $600 billion of Treasury purchases in June. Another round of buying isn’t needed to sustain the rally and there won’t be an economic slump in the second half, Mobius said in a phone interview from Bucharest yesterday before the Fed statement.
“We are in a bull market and it will continue,” said Mobius, 74, who oversees more than $50 billion as the Singapore- based executive chairman of Templeton’s emerging markets group. “There will be corrections along the way but these will be very temporary. The consumer in Europe and America is back. They’re not spending like crazy but they are spending.”
www.bloomberg.com/news/2011-04-28/mobius...easing-decision.html
