Market Review and Trends
The early 2011 stock market rally is the continuance of the QE2 fuel……no major change in global macro fundamentals…..so where are we heading ?????
By Kevin Scully-Financial Blog  •  January 4, 2011
Most global stock market started 2011 with a bang with our own STI Index rising more than 45 points yesterday.  Nothing much has actually changed....since my Septembr to October 2010 strategy.  In tha strategy, I saw the STI Index hitting 3300 to 3500 before the end of 2010 fuelled by the liquidity from QE2.   I also noted that stocks were one of the cheapest asset classes with many stock markets trading at the low end of their PE ranges.  So I continued to be bullish on stocks but saw the QE2 rally peaking sometime in Q2-2011....about six to nine months from QE2 was alluded to and shorter than the twelve month rally of QE1. ...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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