[victortan]

Any bounce is temporary

Here's why..

1. Ok interest hike or just stay in ng high will pressure stocks down.

2. Oil prices keep going up and will push up indlation

3.wiith inflation rising  Fed will have no choice but to keep interest rate higher for long and they will resume rate hikes.

4. With rates so high for so long ...investors will sell stocks as one can get 5% for USD risk feee govg bonds.

5. Dow and Nasdaq will not be able to sustain a rally...and will go on down trend.

there u see ... early i go out to see lantern .. nasdaq up 1.5% over ,, now drop back to just 0.16% and dow and s&p are in the red..
i think fund are selling to strength, maybe early a bit of short covering and also some buying the dip..

buy dip to long shd be fine lah,, long term..