Up, up and up. Everyday the share market is going higher. New records are set consecutively. This trend is not happening only in one place. It is a world wide phenomenon.
Stock investers, speculators and whoever that buys shares is making money. It is easy picking. Everybody is getting richer. People all round are happier.
Security analysts and financial journalists are all working overtime. They are trying hard to discover undervalued stocks. Everytime a report on an undervalued stock is published, the share price of the counter jumps. This must make the writer very proud and happy. He may have made money buying the stock himself too.
One contrarian analyst is Mr. Ooi Kok Hwa. In an article on personal investing published in The Star on 9 May 2007, he warned of a bubble in the stock market. He advises on caution and capital preservation.
It is summer now and the tree is growing well and the branches are covered with leaves. Soon, it will be winter and the leaves will drop leaving behind a bare tree. The only problem is nobody knows exactly when winter will come. You guess is as good as mine.
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