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While the music continues to play…
By Eden Advisors  •  June 9, 2020
When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” - Chuck Prince, CEO of Citigroup. July 2007. Qs 1: An often asked question of many people is that the markets are going up while economy is in shambles. How is that possible? Answer: Simple. When there are more buyers than sellers, prices go up. Vice versa too. Qs 2: How high can the markets go? Answer: By logic, as long as the FED backstops the market, there would be confidence to buy. As long as more retailers continue to join the market. It would go up. Qs 3: But doesn’t fundamentals matter? Answer: Benjamin Graham once said the stock market acts like a voting machine in the short run, but it is very much a weighing scale in the long  run - eventually the two would...
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By Eden Advisors
Aspiring Hedge Fund Manager | Passed CFA Level 3 | CIMB Trading Champion | ACS | Boys Brigade
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