US Market Medium Term Outlook : Bear Market

I would advise investor that S&P & NYSE are already in a full-fledged bear market.

For Medium Term, i see the S&P & NYSE continue its cyclical bear market that would see the US S&P 500 hitting 850 pts.


Strategy in next week:-
Short S&P 500 above 1,200 pts. Continue hold the short position till 1,050-1,000 pts.

Malaysia Plantation : Indonesia Cuts Taxes !

Malaysian palm exports to suffer after Indonesia cuts taxes. Malaysia’s palm oil exports for the rest of 2011 will be flat at best with a negative outlook next year as refiners are at a price disadvantage after No 1 producer Indonesia slashed refined palm olein export taxes. The Indonesia’s tax change from today will cut production costs for Indonesian refiners by USD72-USD129 a tonne. (Financial Daily)