Mumbai Blast

Yesterday (November 27) there was a terrorist attack in Mumbai, India. More than 100 people died as a result of this attack. The event did not affect trading in US although a lot of American are doing business in India.

Today at PSE, stocks are a bit lower, I don't know if it is an after effect of this attack. PSE gain for the past 4 days due to Wall Street rally as goverment news of bailout on car industry and bargain stock buying. I hope the rally would continue until January next year.

As for stock buying, I think waiting until February next year will be a good idea. The market is not yet stable and it will catch up around April next year [based on my fearless forecast :) ]


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