What is on next week
July 29th 2007 06:11
Ask your neighbours what do they think of the current market conditions as they would somehow affect your investment decision as research by Illinois professors Zoran Ivkovich and Scott Weisbenner finds. Specifically, ask what they expect from the market for the coming weeks. Of course the more opinions you collect, the better is your 'neighbourhood market sentiment' gauge, statistically speaking, but still not valid enough to form your market views, professionally speaking.
In addition to the grassroot market view, let's see what the experts are expecting for the near term. The following are some of the extracts from the media sourcing expert views and extrapolations over the weekend:
Sydney Morning Herald, 'Investors fret over share price free fall':
CommSec market analyst Juliana Roadley warned there may be more stock market losses to come.
"It could be an ongoing trend," she said.
[...]
Investors are nervous that the Chinese market, which has yet to feel the full impact of the slump, could be hit in the coming week.
Associated Press, 'Wall Street sees buying opportunities from market drop':
In the often contrarian view of Wall Street, analysts feel this sudden downturn might be just what the market needed to carry it higher.
The Standard, 'US sparks rout':
Analysts expect the local market to find support soon if no more bad news emerges, since the correction seen was quite deep. Given that first-half corporate earnings are likely to be strong, the adjustment to the earlier run-up should be limited.
"If the correction takes one-third out of the surge made over the past two months, the adjustment is done. If it takes half off, there may be few hundred more points to go," said Chan Yuk- keung, fund manager at Phillip Capital Management.
[...]
However, the China market seemed immune to the global sell-off, with the CSI 300 Index setting a new high at 4,307.14, up 3.96 points or 0.09 percent.
"China is a closed market with limited foreign participation," Chan said.
George Hsieh of Capital Securities Investment Trust Co., Taipei:
"It would be prudent for investors to increase their cash positions to protect themselves against a fast and furious retreat in global equities."
Rounding off, the experts are expecting the market to continue south for awhile which is also seen as a healthy sign, and furthermore it also represents a bargain time. However China is a mixed signal so far but given the current state of conditions, its bull run might not last long.
---
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In addition to the grassroot market view, let's see what the experts are expecting for the near term. The following are some of the extracts from the media sourcing expert views and extrapolations over the weekend:
Sydney Morning Herald, 'Investors fret over share price free fall':
CommSec market analyst Juliana Roadley warned there may be more stock market losses to come.
"It could be an ongoing trend," she said.
[...]
Investors are nervous that the Chinese market, which has yet to feel the full impact of the slump, could be hit in the coming week.
Associated Press, 'Wall Street sees buying opportunities from market drop':
In the often contrarian view of Wall Street, analysts feel this sudden downturn might be just what the market needed to carry it higher.
The Standard, 'US sparks rout':
Analysts expect the local market to find support soon if no more bad news emerges, since the correction seen was quite deep. Given that first-half corporate earnings are likely to be strong, the adjustment to the earlier run-up should be limited.
"If the correction takes one-third out of the surge made over the past two months, the adjustment is done. If it takes half off, there may be few hundred more points to go," said Chan Yuk- keung, fund manager at Phillip Capital Management.
[...]
However, the China market seemed immune to the global sell-off, with the CSI 300 Index setting a new high at 4,307.14, up 3.96 points or 0.09 percent.
"China is a closed market with limited foreign participation," Chan said.
George Hsieh of Capital Securities Investment Trust Co., Taipei:
"It would be prudent for investors to increase their cash positions to protect themselves against a fast and furious retreat in global equities."
Rounding off, the experts are expecting the market to continue south for awhile which is also seen as a healthy sign, and furthermore it also represents a bargain time. However China is a mixed signal so far but given the current state of conditions, its bull run might not last long.
---
Related Posts
Is not loss, it is bargain time
Execessive Irrational Exuburence
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