Dear readers, welcome to the first trading day of 2021! There will be so much expectation on the first trading day of the year for all the international and regional stock markets including Singapore’s. And many will be looking out for what the Straits Times Index here will close later today.
Nothing actually matters today for all the excitement is all about just being the start of a brand new year! The actual fact is that we have one whole year for stocks to play out for this new year. To me, I would not really view year 2021 as a figuratively new start but as a continuation of the stock markets mired in the Covid-19 pandemic and bearish economy.
Thus, investors need not feel so bullish right now to go hunting for stocks since there will always be opportunities to do so as the year unfolds.
I am looking forward to a correction to the stocks markets in the 1st quarter of 2021. It has been almost a year since the stock markets went to the intra-low of March 2020. It has also been more than a decade since the last financial markets meltdown. A correction to the current stock markets can only be good since current stock markets are neither here nor there.
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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