The title probable sums up the state of the local and US markets the last couple of months. Most of the people i've talked to just don't know what this market is going to do in the short term and therefore makes it very difficult for traders to make any money.
For the short term traders, there is nothing to be happy about with this type of market especially with the US in a recession. One might wonder as to what to do with the current state of our markets. Well to borrow the advice from our friends here in financemanila, the best advice to take is to sit and just wait. Unless you are good at business valuations and are planning to position for the long long term, this type of market is nothing to cheer about.
Recent Comments