Has recent rally dried up or was it again the 25 basis point in rates that BOC has increased? The BOC POLICY in the rates increases is to address inflationary raise. So far in 2011 India, China, south korea, Indonesia and thailand have all increase rates. This year globally, raising inflation (especially in Asia) will continue to put pressure on central banks to raise interest rates to address inflation raise. Prices of food, commodities and basic/ precious metals will continue to raise.
Most equities markets has since corrected, and regionally as high as (-4%). it may be a short-term profit taking activity, we will see. As to every six months the trend is one correction or would it be safe to say profit-taking. Lots of re-allocations is now taking place, rebalancing and a trend whereby out flow from fixed income will continue after the 2008/2009 global recession.
Is it gradual the revesal or will it quickly rebound and continue with it's up trend?
Hey people till then!
TjLim
Kinkaku-ji Kinkaku-ji's history dates to 1397. This villa was purchased from the Saionjis by Shogun Ashikaga Yoshimitsu, and transformed into the Kinkaku-ji by this Shogan, an action he set out to do, and its still standing today when I personally took this photo. Thus; Man is not paid for what they know, but, its for what they do with what they know!
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