Is The Stock Market Heading For Better Times Or .... Not???

On May 7th 2010, OSK Research Head, Chris Eng said Stock market heading for better times

• ... economy will be back in business in 2011, and the stock market will be better than what it is now, said OSK Investment research head Chris Eng.
  
  “With the listing of Petronas’ (Petroliam Nasional Bhd) units in the second half of the year, there will be a spillover into the oil and gas play.
  
  “The Sarawak state election should also provide some excitement. Things should go back to normal by year-end,” Eng said during the launch of OSK’s Top Malaysian Small Cap Book: 50 Jewels.
  
  Eng added that most of his clients were now trading in the market, although clients who had global headquarters were still cautious. According to him, the next few months will be choppy with a mixture of positive and negative headlines, but all these are temporary factors.
  
  Eng has a year-end FBMKLCI target of 1,465 for 2010, and a fair value target of 1,580 for 2011....
  
  

Now it's ONLY May 24th 2010, in the Edge Financial Daily, Volatile landscape for FBM KLCI, Eng was quoted to have said the following:

• ...OSK Research head of research Chris Eng said while the current market weakness raised concerns, it was largely within the research house’s expectation.
  
  Eng foresees a volatile landscape for the FBM KLCI, which is expected to trade at between 1,250 and 1,400 within the next five months.
  
  “We are still hopeful of a stronger year-end once the sovereign debt crisis in Europe subsides,” Eng said in a research note.
  
  
  This article appeared in The Edge Financial Daily, May 24, 2010.

You can also read this: OSK Research still hopeful of a stronger year-end

Tada... the FBM KLCI target is NOW only expected to trade between 1250 and 1400!

May 7th 2010, the stock market is headed for better times, a target of 1465 was expected. Today the target is now only 1250 and 1400!!!!

Good or what???