The path of least resistance is something I learn during Secondary School Physics. Things tend to take short cut, taking the path of least resistance. Back to the business of speculation, money flow is the same thing too - upward trend will continue to climb until the bubble is burst or vice versa.
With developed and emerging equities either entered or about entering bear's cage, busted US property, wobbling European property and bonds all gone South, money managers either keep their clients money under the mattress(like me) or going for the obvious, one last safe haven i.e. soft commodity. Hence the path of least resitance is pointing towards soft commodity.
Back to Malaysian market, CPO price will continue to climb until parabilic curve is formed that so obvious that a 3 years old kid could recognize it. US money manager will like this double plays of Ringgit and CPO price appreciation.
Opportunity and risk ? CPO chapter is concluded for now.
No comments:
Post a Comment