A mixer
December 9, 2008
Teh Hooi Ling, one of my favourite local writer on finance and stocks, writes in an article on the Business Times weekend on the challenge of using any form of modelling to predict and forecast the markets. Among methods discussed were econometrics, physics and the likes. It’s quite a good statement and we see it in play – DOW rallied and closed positive 200 points, and STI follows suit with a strong 4.5% gain at half time, but HSI dips into the red (more probably due to profit taking and also as traders pull out of buying at the top).
Gains are tight at this point, and it’s better to clean some than have none at all.
