Dear readers, just yesterday I highlighted that the Singapore Straits Times Index (STI) is now in an overbought level and hence Singapore stocks, along with the STI are set to head south next. Subsequently, the three US stock indices Dow Jones, S&P 500 and NASDAQ all retreated yesterday by 1.08%, 1% and 0.65% respectively. These, I believe will set the stage for Singapore stocks to head south today when stocks market opens later.
The bullishness from a Biden’s win and development of a Covid-19 vaccine are now over with stock markets focusing on the number of Covifd-19 cases worldwide.
Good for investors who have profited from the Biden’s win as the gain (around 11.6% gain based on the gains from the Straits Times Index) is a respectable one. It is always on hindsight that some investors ask themselves why they did not invest earlier to ride on the possibility of a Biden’s win. For myself, I have a good focus where it comes to investing. Hindsight is cheap. I still hold on to my view not to invest in the stocks markets before the US Presidential Electionn and even now when stocks markets are so volatile.
The stocks markets are going to correct. The decade-in-waiting global financial correction is not a matter of if but a matter of when. Do look out for this financial correction as it is time to take out your investment warchest, invest in stocks at very attractive levels and emerge as the next Kings of the stocks markets when all other investors have fled.
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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