Yesterday, we predicted that the market will try to recover again but will most likely fail & it did
Even when news were saying that the market recovered before it opened today, we stood our ground that the market has not fully recovered
Even when investors are saying that it's now a good opportunity to buy stocks, we didn't think so
In fact, we expected S&P 500 to trade within 1620-1640 & end up lower
We issued a sell signal when it broke below 1620
Then
we published 2 more sell signals for Dow & S&P 500 after the
Federal Budget Balance was announced worse than expected
All 3 signals were doubled the stake as we were quite confident & we won all
But the question is: What is the future of stock markets?
Has the stock market bubble burst?
Fed's Budget Balance was negative, how will the Fed sustain it anymore?
Or
will people stop thinking that QE is the only thing sustaining the
market & like it's the end of the stock market when they can't
depend on QE any more?
Look at companies' strong fundamentals & future growth
A lot of companies have strong revenue growth, will their stock price decrease & never recover if QE tapering happens?
Sure, stocks will go down when the Fed starts QE tapering, but it will not happen instantaneously
It depends on us to pick ourselves up & be independent
It's time to stop depending on our "parents' pocket money"
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