For much of this month, it appeared that the sky was falling. At least, that was what many predicted for the local stock market after Greece unanimously voted “No” to the Troika’s “somewhat absurd demands” (you probably know where I stand on this issue after this line) for more aid and the China & HK stock market totally crumbled (after an unsustainable rise).
Again, just like late last year, it seemed a matter of time before the local STI dives below the 3,000 level mark. Many who have been on the sidelines for the best part of 5 years were baying for blood, hoping for a market crash. But alas, it didn’t come and at least for now, the whole saga appears to be a huge anti-climax for them.
Knowing how bad a market-timer I am, I can’t do a binary “All-In” or “All-Out”. Instead, I rely on an assigned ......