Talk given by: Pong Teng Siew.
Actually he mentioned these are short to medium terms recommendation only ie. next month to next quarter or so. Overall there are many uncertainties ahead that the bullish trend is really questionable. Hence generally there will be a correction in the market soon, followed by a mainly side trends for the next 2 years.
A few points that I manage to digest are:
Governments backup funds are ending in mid or end of the year, banks are not likely to recover fully and able to stand on their own yet.
USA employment rate is actually higher than reported figures because the number of people claiming un-employment insurance are still rocket high. A lot of part time workers are actually un-willingly working part time but forced to.
China rising inflation may result them pulling back their outflow funds, implying we can't really rely on China neither.
I don't fully agree with all his views but nevertheless shared the similar future trend predictions. I may comment on his stock picks after I eat something ... hungry like a horse now ...