If you’ve been following my blog, earlier last week, I wrote an article analysing Singapore’s stock market – the Straits Times Index.
As analysed and predicted, STI hasÂ been continuously droppingÂ for two days.Â Today, the indexÂ stumbled 121.09 points (3.70%) to a 5 month low.Â Â (Refer to graph below)
I’m not confident that the market will turn better tomorrow; Not at all confident about it.
The wall street markets are open already.. Asian markets will still be affected if wall street (Nasdaq) don’t perform today. We’ll have to see how US markets do. As of now, NASDAQ already droppedÂ 25.33 points. Hopefully by afternoon we’ll see it rebound.
I believe the markets will still be bad until end of August. Time to queue and sell your stocks – that’s my advise. Take a good rest and come back soon.