Macquarie Securities expects 10 to 20% correction.

by khalid on 02/10/2009 · 0 comments

maquire

Daniel McCormack of Macquarie Securities expects a 10-20% correction in Asia. He analyze the chart and sees a starting of tumbling down as per cyclic indicators. He is also of the view that it would be a buying opportunity and the good sectors are banking and infrastructure.

The latest is that on the opening day of Q4 in US, stocks tumble down and Dow looses 200 points tonight on 1st of Oct 09.

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