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.
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.
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