US Stock Takes: Maintain buy

After FOMC meeting on Tuesday, US stock markets closed much weaker despite a 25 bps cut. And for the past few days, have been fairly up and down.

So far today, we have seen US stocks still weak and with Citibank's decision to put the SIV on the balance sheets, we will not know how this will impact Citibank and whether the rest of the financial companies will follow suit or not.

In any case, I have seen anything fundamental changing yet and the buy signal generated on 29th Nov is still intact.