Dear readers, yesterday was the start of Phase 3 for Singapore. Some might thought that investors here in Singapore would feel bullish about Phase 3 that they would go clicking on their computer mouse the moment the trading hours commenced yesterday to rush into buying Singapore stocks. But no, the Straits Times Index was largely unchanged yesterday, closing at 0.07% lower as compared to the 24 Dec 20 session.
I am very happy to see that Singapore investors have become wiser and rational, not to think that everything is back to normal with Phase 3. Not to think the bull will come for the Singapore stocks markets with Phase 3. In fact, if you can look at the Covid-19 statistics abroad, the fight against Covid-19 is far from over even with the roll out of vaccine. There is also the new strain of Covid-19 from UK that many countries are rather concerned about.
Investors here in Singapore may have experienced the many of the Singapore stocks markets hype like the S-chip, certain penny stock plays and investing in the now depressed former Straits Times Index (STI) stocks so as to believe in the investing hype of a Phase 3. Or to invest in a Santa Claus rally that began on Christmas eve.
I am not always skeptical of Singapore stocks; it is just that at this current 2,800 level, the Singapore stocks markets are still too high for the current stock market backdrop.
I would think that investors who are investing into the stocks markets now are not buying stocks any cheaply. There will always be better opportunities than now to invest in Singapore stocks.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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