Is it Start of Bull Market or W-Shaped Recession
Last week, Singapore’s Finance Minister, Tharman Shanmugaratnam cautioned of W-shaped recession. Some punters predicted that the stock market will see a double-dip or W-shaped recovery after STI reached the recent high of 2,658.
Many people started to worry, except the property speculators.
Yesterday, the Minister for National Development, Mah Bow Tan, acted to to cool the Singapore property market and crack down on excessive property speculation.
The STI reacted and fell.
“Garmen like dat do sure stock market double-dip lah!”
The Double-Dip Came and Gone
The reality is… we’ve already seen the double-dip in STI with the past 12 months.
I talked about the double-bottom shape in my earlier article on Time to Get Back into Action last April.
So… what’s next?
Start of Bull Run 2011
The market is apparently confused.
Usually, that marks the start of a change in trend.
We were in the BEARl market for nearly 2 years. The Singapore stock market has hit the bottom early this year. It is unlikely that we will see that low again before breaking new high.
Yes.
I think the BULL market has started. However, we are in the early phase of the bull, so you want buy with caution and focus on value stock. Then, ride it all the way near the top.
Property, finance, tech shares, I will definitely look at these.
Btw, here’s a piece of crap which you should ignore…
Tags: Double-Dip, Recession, Singapore Property, STI, W-Shaped
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