I have been deliberating over the next stock to cover. So far I've written on Carlsberg and Guinness Anchor Bhd. Both breweries. I really want to get the scoop on Dutch Lady, a stock that I've been eyeing on for almost a year now, but covering yet another consumer defensive stock is kinda boring. So I've decided to do Petronas Dagangan instead. I hope to get the first part up next week.
Current Market Perspective
EU Summit is still on-going but bad news have been leaking out like a bad tap. ECB has reiterated that it will not buy European gov bonds indefinitely. Germany says no to turning ESFS into a banking facility.
It doesn't look like there will be a Santa rally this year end. But then, the market will find a reason if it wants it to happen, even if it is just thin hope.
My Long Views
Europe will dip into recession in 2012 and US will follow suit. We will not be spared here.
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