Under The Willow Tree

It looks like the Fed’s bailout plan is little comfort to Singapore’s investors. With Tharman Shanmugaratnam forecasting a recession that will last several quarters, the bears are in full control, pummelling stocks to new 2-year lows. This is what I saw today when I opened my trading screen watchlist: A sea of red ink!!!

My Watchlist on 6th Oct 2008

Quite stunning, indeed. Keep in mind that most of the stocks on this watchlist are bluechip stocks which are components of the Straits Times Index. The STI is getting absolutely destroyed. It’s lost almost half its value over the past 1 year:

STI 1-year performance (courtesy Yahoo.com)

Fortunately for me, I liquidated my personal holdings a couple of months back. Lucky me! And for others looking for an opportunity to get into the market, its time to start hunting for value.

This entry was posted on Monday, October 6th, 2008 at 3:52 PM and is filed under Finance & Investments.You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.