Wednesday, June 29, 2011

Cash Is King

Really can't see much value in the markets these days.

What with the whole global economic situation being so precarious. In the US, nobody dares to pull off anything until early August when the debt limit issue is settled. Still lingering talks of QE3 there as well. Europe isn't any better. One day its going to be a successful Greek rescue and another day the whole Europe will go bankrupt. Asia is more of a property bubble is it happening or not conundrum.

Decided to shift a chunk of my funds into cash now.

Cash is king. With the SGD slated to hit 1.15 against the USD by year's end, I think we're in a strong position to benefit. US stocks just keep getting cheaper and cheaper.

Long SGD!

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