Short comment

Yesterday, US markets were crushed totally, and the crushing was contagioned to Asian markets today. NIKKEI225, Hangseng, KOSPI200 all plunged about 4% respectively.

There could be many factors which brought the plunge to reality multinational investment banks have suggested: tightening tantrum with rising US Federal Funds Rate, rising yields of US T-Note, suggested overestimation of US Tech sectors, deepening trade war between US and China, European geo-political problems.

I beileve real plunge doesn't come yet, and recent plunge is just starting signal of it which could start at next year. I beileve S&P500 will touch to 2,900 again in this year, and overall rally of stock market isn't end yet. My targets of the indices don't change: NIKKEI225 to 26,000 and KOSPI200 to 300.

It's too early for real panic to come.


+ Recent posts