VCSC Daily - End-of-session bottom fishing shedding hope of market stabilization after an all-red week

Market Commentary

18 May 2012

Both indices experienced strongest weekly drop since May 2011 amid uncertain outlook. Both indexes witnessed the strongest weekly tumble since May 2011 as investors scattered on the market’s uncertain outlook and worries of possible deflation arose when negative credit growth was reported in the first four months. After the strong rallies in the beginning months of the year, the market enters a period where it appears to lack immediate supporting news to sustain the upturn.

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