Have we bottomed out?

Panda King
2022-03-19

The past 3 days have brought us on a great ride after months of bearish sentiments and brought world markets into correction and bear market territory.

It's a great respite but I do urge caution and over bullishness in the short term as volatility index is still high and many macro economic factors are still in play.

Though I believe that recession is not in play due to the world emerging from the covid crisis and restarting their economies, with inflation at such high levels its a risk that we have to take into consideration.

The impact of inflated oil prices has yet to fully kick in and not withstanding the unplugging of a huge country Russia from the world economy. We will need time to adjust and let's all keep level headed.

Remember to take the opportunity to unwind if ur leveraged. 

Have a great weekend everyone

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Comments

  • Desumond
    2022-03-21
    Desumond
    thanks for the article. I think its early to say we have bottomed out, more events coming our way till end may. best to take bullish with pinch of salt first.
  • HM0510
    2022-03-21
    HM0510
    MaRket is unpredictable. Will never know whats the bottom lo…
  • ChernTiong
    2022-03-21
    ChernTiong
    no one knows when the bottom, I go long for fundamentally strong companies
  • bwjx
    2022-03-21
    bwjx
    I hope it is just quadruple witching at play and another pullback will come, cos I have yet to buy my shares at discounted price. [Happy] [Happy]
  • hj489
    2022-03-23
    hj489
    With current geopoltical crisis, Covid, high oil price might not see market bottom yet.
  • TK360
    2022-03-21
    TK360
    Thanks for sharing, think War will end soon & virus eventually live with us like normal flu.
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