STI and Fireworks Celebrations
Will our money be burned off like the fireworks??
Past month, I was tied up by my studies (CFA) hence didn’t even bother to blog. Really after a long break (about 5 years) since my uni, is a challenge to pick up study again, especially on part time basis. That is a topic which i intend to talk in future after i have completed the ordeal
Despite the market downturn in recent days/week, i intend to share with you people a more optimistic outlook. I went for the Singapore Hippo&Duck Tour last week and yesterday the fireworks @Marina. And what i saw was our beautiful CDB skyline and up-coming IR and the strength of the future economic growth.
This further my conviction that the recent market downturn is only temporal and the next bull when it arrives will be hard and furious. STI tested 3000 on Friday but the rebound was miraclous, mimicked the thursday DOW (down 325 then recovered). Fed announced a discount of 50 point for a window period and the stock market reacted with a 200+ jump. STI coupled with NDP rally, should see at least 100 jump on monday opening. I know a lot of people are anticipating the current downtrend will persisted till Oct/Nov. Given the lighting speed of the market which caught many central banks, institional players off-guard, I suspected the market cycle is really short circuit i.e. the bear has ran past us but we still dun know hence resulting a early bull coming (even before Oct).
August 18, 2007