Over the last 5 years the STI has gone down 15%, with the lowest point being 2640 on Oct 3 of 2011… which was the climax of the European crisis in which investors worried that the PIGS(Portugal,Italy,Greece,Spain) would default and the whole eurozone would collapse.

If the current 2700 psychological support breaks, we may see the STI testing this 5 year low of 2640 again. This is in the heart of major China worries, fear of a collapse in its stock market, fear of china’s property bubble exploding, fear of china’s GDP growing slower etc… in the near future, investors may turn back and call it the China Crisis?

I’m out of cash and unable to make any more purchases in this cheap market, however I’m eager to look at the full year results announcement coming this month end and in February, after which dividends would come in around april …