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Daily Archive for May 30th, 2006

Singapore Market May 29

Published on 30 May, 2006 in market round up. 0 Comments Tags: , , , , .

Just a month back, STI was at it’s all time high. Barely a month later, the STI drops to a level that almost wipes out all the gain since Jan 2006.

My last post commented on this correction.

Straits Times Index

[more charts ...]

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The Recent Market Correction

Published on 30 May, 2006 in market commentary. 0 Comments Tags: , , , .

hear-hear1.jpgThe 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?

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