Thursday, April 28, 2011

Should be cautious for May

Hi Readers,

April is almost over and I am beginning to worry about the stock market. Firstly, Dow Jones and S&P 500 indexes are both at their 3 years high. Currently, most of the blue chips have released their first quarter report. All the positive news have been marked to the market. Secondly, Wall Street seems to be too optimistic on the European debt especially the worries on Greece and Portugal. Thirdly, the US deficit is certainly a huge problem to be solved. There are many more reasons why I am worried. I think it is almost time to re-group. As I result, I do not recommend investors to told a big chuck of stocks. Also, I recommend people to buy some VIX index ETF to hedge the risk.

Thanks

MC

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