The US Federal Reserves finally announced that it will carry out tapering in a slow manner. The US Federal Reserves will scale down the bond buying at US$85 billion per month by US $10 billion per month in the next year. Looking at the Singapore stocks market today, the STI is flat at minus 0.07%. Let us take a look at the Reits, which are often said will be most affected by any tapering measures: for today, most of the Reits closed higher, with the exception of CapitaMall, Ascendas Reits, Capital Commercial Trust, Sabana Reit and SPH Reit which went down by around 0.3% to 1% as well as for PLife Reit and Frasers Centerpoint Reit which closed flat.

So is the news of the tapering a clear signal that investors now can go and enter into the stocks market aggressively? I do not think so. We still …