The market seems to be taking a pit stop after breaking the 8,000 resistance once again. Obama warned the Americans not paint a rosy pic of the economy with the current market rally. During this current rally, there aren't much really bad news been spinned around that could provoke any profound fear in the market.
Thus, is this the good time to go LONG?! After today's sell-off?
Lenglui Pic: Kong-YangSong (recently voted to have the one of the most beautiful LONG pair of legs by netizen)
The overall trend of the world market is bullish over the medium term. However, April 20th was the time for trend correction.
When the trend correction completes it course, I believe that it will resume it upwards trend.
I still believe a correction is long overdue during to the long rally period.
Earnings aren't that positive for the banks yet in Q1. They just doing some hocus pocus on their accounting books to reflect that they are improving.
Lets see.