Only a week ago I saw a Hong Kong market spruiker claim the Hang Seng was 10-15% UNDERVALUED!!! (???) Oh my....I hope nobody listened to him
WOW!!! Imagine what they will say when it becomes 45-65% UNDERVALUED AT HSI 11000!!!!!!!!!!!! IT WOULD BE A WORLD OF OPPORTUNITY!!!!
LOL .... ooopss ... such a good day I lost the ability to do simple percentage calculations. Final drop was 919 points which was 4.73%. Still the biggest day I've ever experienced.
^NZ50 Fair value + / - 156 Points 4,127.86 --> this week 4,175.75 --> Next week 4,219.87 4,204.12 4,168.62 4,142.17 Correction coming up? =============== Daily + / - 63 4,079.29 today 4,044.68 next day 4,073.49 4,110.04 4,118.87 4,108.61
^HSI fair value monthly + / - 3394 20,267.98 20,598.26 19,964.90 19,039.30 18,254.05 17,734.08 carefull dudes
check this out for a bigger picture http://www.optionpundit.net/daily-report/embrace-a-down-monday Naturally market seems to be heading for another round of sell-off.