Copy of analysis from an investors forum in Singapore.
21 REASONS WHY SINGAPORE MARKET STAYS DOWN
Must read for all S'pore investors!
1. When Dow up, funds go to US hence S'pore down
2. When Dow down, knee-jerk reaction, S'pore down
3. When Dow trade side-way, S'pore down because no fresh incentives
4. When HK up, hot money flocks to HK hence S'pore down
5. When HK down, knee-jerk reaction, S'pore down
6. When HK trade side-way, S'pore down because hot money turned cold.
7. When KLSE up, speculative money flows there hence S'pore down
8. When KLSE down, sentiment gets affected, S'pore down
9. When KLSE trade side-way, S'pore down because no fresh incentive.
10. When all other markets go up, S'pore down because our market too sterile and unexciting and low return.
11. When all other markets come down, S'pore down because why should it go up when all the rest are down?
12. When good trade figures release, S'pore down because already discounted
13. When even better economic data release, S'pore down because fund mgrs think this is not sustainable
14. When economic results bad, S'pore down more because everyone is getting out of the market, imminent economic slow down they said.
15. When S$ depreciates, S'pore down because import too expensive, corp earnings affected
16. When S$ appreciates, S'pore down because export too expensive, corp earnings affected
17. When other currencies depreciate, S'pore down because of unstability
18. When other currencies stablise, S'pore down because S$ comparatively more expensive.
19. When interest rate stays low, S'pore down because it is expected to be low anyway, ie. discounted again
20. When interest rate goes up, S'pore down because corp earnings affected and saving more attractive then equity.
21. Finally when everything is rosy and there seems to be no bad news or good news at all in this whole wide world, S'pore down because some stupid reporters would write something in the press about merging/splitting of local & foreign tranches of shares. |
