The economy is in the mend, a banker friend told me today. The stock market run up was due to the market expecting the economy to be out of the recession. Many of people are still waiting on the sidelines and have not invested during this run up from Feb to Aug.
For the past month, stock markets has been moving sideways. Fresh leads are needed for the market to move again. Right now, we are a little nervous with the October Effect. October is the month where stock markets crashed and drop like a rock. So hopefully, investors can start looking at investing again during the new year.
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