How things have change over a year, it crashed from fairly optimism to now deep pessimism. Looking at the amount of funds that is seeking for cover in T-bills, SSB and Banks fixed deposits, people are parking their funds into safe haven.
However, many studies have shown that investing in stock is still the instrument to beat inflation in long term. The key here is long term.
As the market corrected and keep correcting every time Fed increase interest rates, deep discount value of some stocks have surfaced.
Global indexes such as the S&P500, QQQ and world index has corrected to close to 20%. From the TA, S&P500 and World index is showing signs of reversal, and there is divergence on MACD on weekly candles. This show strength in the medium term.
Locally, there are also number of counters that have presented deep discounted value as well.
Will these stock price drop further, it may, nobody knows. Thus, as a investor, one should not expand all the bullets at one go. Always remember that market is always right. This is not an advise to Buy or Sell, do your own diligence.
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