A slowly recovering market is now hit by more bad news with the death of Ms Bhutto. Usually, this kind of bad news affects geographical markets like India and US. However, investor's confidence is at a all time low, thus, any bad news will trigger a sell down. In addition, as stated in my previous post, this period is the festive season which denotes low buying interest among investors which would not help a falling market.
There's too much uncertainty in the markets currently and I expect it would continue this way till Feb 2008. Currently, I would avoid India, US and Thailand like plague. India due to its proximity to Pakistan, US with its close ties to Pakistan and Thailand for uncertain political outlook in the near future with the Thai army not ruling out another coup.
As a note, I like to take this chance to condemn the person behind the assasination. This is not an act of terror, it is pure murder and regardless of race or religion, YOU would not be forgiven. In addition, I suspect that all these killings are political in nature rather than a spread of terrorism.
