Stock market...buy, sell or do nothing.

Well now that Obama has sign the debt bill into law, people are worried with the spending cuts and the impact on economy of the US that has a slightly above 400mil population... To be honest, the resolution to the debt issue is a no brainer and its merely how the politicians wanted to use it to score points. Regardless, spending cuts and tax structure revamp (impacting the rich) is essential, not cool but necessary.

Anyway with regards to US equity market I am very bullish on how the market will move in the next 6-9 months. US companies with exposure to Asian market particularly China and India will register growth and those with extremely well managed ones are going to continue to report extraordinary growth and earning reports down the road.

KLCI, on the other hand is expected to break 1600 soon... selective companies in sectors such as property, construction, plantation and leisure and hospitality is expected to lead the rise.

Stay hungry, stay foolish... don't follow the crowd.

By the way, the US will keep its AAA ratings... that's for sure.