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Mr. IPO weekend musings
By Mr. IPO  •  June 28, 2020
Regular readers know that I have been staying on the sidelines and this weekend, I have nothing new to report on my SRS account. I am of the view that our market will be listless (leading up to the elections) with downside bias. US is likely to have a correction (given the resurgence of Covid) but to what extent and for long is anyone's guess. There had been a few articles hogging the headlines in recent weeks - let me share with you on what caught my attention. Robin Hood saved the US stock market and made Warren Buffet looked so foolish? Really ... 🤔  I am not sure if you read articles on how Warren Buffet has lost his touch and the market was basically rescued by "Robinhood" retail investors. The title of the article below was "Robinhood Traders will have fun until they get wiped out"....
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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