Straits Times Index
Chart from Yahoo Finance
Archive for the 'market commentary' Category
The beginning portion has nice technical overview of the US market (S&P500, NASDAQ) for this week.
Wonder what software is he using to do the charts and the video.
(Note that green is for up and red is for down in case your convention differs.)
Since the Word Cup started 2 weeks ago, the stockmarkets all around had been in a doldrums and directionless.
It is natural to speculate that the stock market performance is correlated to the world cup performance.
A research paper seem to support this speculation. Linking investor mood and market performance. They found economically and statistically significant market decline after soccer losses.
When Japan lost on Thursday night (22 Jun), the Nikkei did open with a drop in the morning.
So Korea was knocked out of the Word Cup by the Swiss on Friday night (this morning in Asia), let us see how the KOSPI perform on Monday.
Not only is the match result is affecting the stock market, the stock market is also affecting the match. World Cup Blog linked the performance of the Saudi players to their home stock market performance.
On the other hand Ukraine has much to smile about, their team is through the first round and their stock market has raisen 588% in the last 4 years.
The market correction over the past 3 weeks has got many people worried, myself included.
The question is, “Is there a cause for worries?”
Nowaday I hardly look at the market. With my business going on and my online projects, I’m thankful if I get to look at the charts and read the news on weekend.
Let’s take a quick look at the market. In my next post, you will see the STI charts and have a clearer picture.
The Singapore market (and generally many other markets worldwide) had been enjoying a sustained rally for the past 3 years. Conventional wisdom tells us that what goes up will come down, in what is known as correction.
So is the current correction a typical one or a sign of things to come?
Warping up 2009, Looking forward 2010
What a roller coaster ride is was for 2009. The year started with the continued free falling of the market from the financial down melt down of 2007-2008. Then in March, the market stage a spectacular recovery. Skeptics said it is just a bear market rally and the worst is yet to come, drawing parallel from 1930s Great Depression period.
But it was not to be, the market rallied to a second dip in end Jun, early July. Now pundit wasn’t so sure. Is it the end of the rally or more is to come?
Well, the market never look back since then, ending 2009 in a high note.
I hope you had a profitable 2009 and another ahead in 2010.
Happy New Year!