Dear readers, just days ago, I have shared with you on whether the Straits Times Index will head up to the psychological level of 3,000. And then Bingo! The stock markets today just closed at 3,000.00 EXACTLY!
The last time the Straits Times was at the 3,000 level was in March 2020, about a year away.
So what’s next? Before I continue, I can already imagine those analysts who give a prediction that the Straits Times Index closing for year 2021 at more than 3,200 or so becoming very happy. Their prediction comes just two weeks into a brand new year.
So what’s next for Singapore stocks? Should all investors becoming very bullish now and invest their monies into the stocks markets? Will Singapore stocks markets, the worst regional loser for year 2020 become a winner in year 2021?
Investors should aim for the bigger picture.
The bigger picture is still the Covid-19 pandemic. This pandemic is far from over and global economy is still rather bearish.
The bigger picture is that investors should not get just fixated on Singapore stocks. A well-honed investing strategy will apply to all stock markets and investors should always just go for where the opportunities are.
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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