Published:
Slow and cautious could be the prevailing Q4 trading tactic
Bruised and weary investors inclined to decelerate until end-of-year, says IG Markets.
"The STI has gained 15% in 2012 and may be running out of steam after seeing a fair amount of action already this year. Many traders feel war-torn after the QE3 roller coaster ride," it said.
"Greek exit fears, a Spanish banking implosion, China’s slowdown and a global economy no nearer a recovery than the start of the year. Q4 could see plenty of cautious trading and drifting as traders play out the remainder of the year," it added.
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