The Great Singapore Sale (GSS) has officially started this weekend. I went to the Chinatown this evening and goodness me there were so many crowds in the OG shopping area, buying things that were on sale - some 20 to 50% off the original price.
So are we having a great global sale in stocks and shares too? Maybe soon? Everyone seem to be eyeing on the 17th June date where probably finally we are going to have a clearer idea on whether the Greek is going to accept the idea of an austerity or an exit from the Euro. Until then, we are probably going to see market trending sideways with no clear pictures until the 17th June.
Even if that is so, everyone seem to have already priced in Greek exit into the market. What is more dangerous if Greece decides to stay in Euro and the contagion spreads ......