Haven't blogged in ages as I've been kept busy with school work. The STI as of now is 2661 points, and it has been hovering between 2600 and 2700 for the past few weeks. Reason being the uncertainty hovering around global markets, especially the financial market of US.
The fluctuations might be a good thing though, as one can buy into the dips and sell as the prices go upwards. It is of course difficult to tell when, but the road to recovery, no doubt slow, will be an unpredictable one with several dips along the way.
Several counters to look into this period are the REITs..At this point of speaking, Ascendas REIT seems like a good counter to look into given the trend.
The market might continue to fall further next week if the trends of the STI ETF prevail. Might hit the early 2600s again for the upcoming week.
