Posted on April 21, 2009 - by SGDividends

Regarding the Recent Bull Rally – Irritated SGDividends

We are very irritated by CNBC and the presenter whose name is something Cutlow or Cudloh or Cartlow. He keeps talking up the market and sometimes we really wish to stuff his mouth with some spicy chicken drumstick but it will be a waste of money. So well……Anyway our auntie and uncle unofficial radar has detected some interest in stocks of late among their ranks which to us contrarians sounds like a bear market rally. Anyway, we really don’t know and your guess are as good as ours. It’s just eye popping to know that Goldman Sachs has issued a Target Price of $3 for SGX. Wow…way to go man.

So since we are unsure, let us look at the recent past to derive some form of tangible data to work with. Of cos past events might not be reflective of future events but hey….thats the best. Let us look at 3 counters which are pretty reflective of the general market sentiment in Singapore. SGX, DBS Bank ( Our late respect for Richard Stanley) and Keppel Corp.

SGX

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Related posts:

1. US bank earnings underpin recent rally…
2. Is this the end of the “bear rally” or just a consolidation from recent strong gains??
3. Is the March 2009 Bull rally over ?…….this question was put to me by some financial journalists yesterday