Monday, October 06, 2008

ST Index is still falling

It could go down to 1900
http://tankinlian.blogspot.com/2008/09/how-far-more-for-st-index-to-fall.html

But it is not time to sell, and not time to buy.
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3 comments:

Anonymous said...

Now the blue chip stocks (banks etc) are also starting to fall a lot, that's why STI falls so much. Given the deep and uncertain financial crisis, bank stocks and hence STI may hit new lows in the coming weeks or months and may stay that way for a prolonged period.
Good luck to those who recently bought bank preference shares. The price drop has almost wiped out their dividend gain for some and on top of this, the shares may be illiquid for a long time unless you are prepared to sell for a loss. In short, the returns may be worse than fixed deposits which are guaranteed and more liquid. Of course I don't expect local banks to go bust, because that will be doomsday economically for Singapore. MAS may allow investor losses for minibonds etc but not economic collapse of Singapore. Hence don't worry about savings and FDs.

October 06, 2008 7:54 PM
Anonymous said...

I have DBS High Notes 3. Now it dropped to 80%. Shall I sell it now?

October 06, 2008 10:44 PM
Anonymous said...

Newspaper headline:
"Lehman Head earned US$500 Million"

See where the money has gone to????

October 07, 2008 7:30 AM

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