Good Morning

Another dreary day..sigh ! 

Do you know what is the greatest "fear" to active investors and traders around the world? As opposed to what some of us are conditioned to believe ,a lack luster quiet market is actually much worse than a falling market ....We like to believe when a market is "defensive " like ours we will lose less or better still our capital is well protected and intact....My friends ,that notion cannot be more wrong...Being defensive merely means the CI has a lesser swing compared to others ..but many forget our CI are made up of just 30 big stocks and a few big moves on certain heavily CI weighted stocks can bring the CI to breakeven or even positive in an otherwise listless or substantially down broad market. 

Worse still , in any upturn overseas ,we will again be left out as being relatively resilient we are again deemed expensive vis a vis regional markets. This vicious cycle has been on for so long ( 15 years ? ) and even more pronounced recently.

All is not lost though. It is just that trader be more realistic in his /her expectations. Sometime 2 bids gain may be considered a triumph nowadays.

Thank you

Chris Choo

http://traderight88.blogspot.com