The original post was posted November 29th. It received very little audience. The post was posted before month end because equities performed so badly (as you all know) for the month of November. And it would have been a miracle if any major indices closed in the black.
I tried to be smart by closing before Novermber 30th. But the market proved me wrong!
In conclusion, Thailand and Mexico did outperform the major benchmark by closing in the black. Unfortunately, KLSE did not make it and closed down for the month. I missed out Russia which performed quite well. The performance of Crude Oil contributed to the Micex index!
The miracle was that the DJIA came rallying all the way from Monday thru Wednesday (just three days) and closed positive for the month of November. It fell from mid November for two weeks. Within the last three days of November, the DJIA erased two weeks of losses. What a miracle!
For being smart, I tried to post before the headlines. The market reacted so quickly and proved me wrong. I have learnt a lesson trying to post before the headlines. I admit defeat.
But on the bright side, he who laughs last laughs bests!
0 comments:
Post a Comment