Oct. 7 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens.
Is the market fearful enough setting stage for a rebound? Volatility Index now is at the highest point from historical stand point. It's a parabolic curve formed since August that suggest the market is really very fearful. Pray for short-term rebound but long-term is trend is still very muddy - crystal ball is not working. For smart investors with 5 - 10 years horizon, dollar averaging from here is not a bad strategy.
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1 comment:
In current volatile market, we should adpot defensive strategy with projectable return.
1. Zhulian (est EPS: 18sen, PE=5x, NTA=0.74; dividend policy: 60%, single tier dividend=10.8sen; yield=12%; Payout frequency: quarterly, projected annoncement date: 17 Jan, Apr, July, Oct)
2. PJ development(est EPS: 12sen, PE=4.2x, NTA=1.74; gross dividend= 5 sen; yield=10%; Payout frequency: first and final; projected annoncement date: 29 Oct
3. Amfirst REIT - (est EPS: 9 sen, PE= 10x, NTA=1.04; Payout policy= 95%; income distribution= 8.6 sen; yield=10%; Payout frequency: semi-annual; projected annoncement date: 5 May, Nov)
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