The STI market has not been in ferocious mood since last October when we witnessed a sharp drop from a high of 3,521 to a recent low of 2,520. Since then, the market have recovered slightly - moving up and down cautiously and consolidating without any sort of seriousness to show a longer uptrend or downtrend.
While these movement in the market has lasted only a few months, we can sense a general cautiousness in the sentiments and at times frustrations because there isn't any particular indications where the market is heading. This can be seen from the fact that there are a rush towards the bond yield in the market and hence pushing yields lower.
As investors, it is very important that we stick to our strategies regardless of how the market reacts. Often, people forget that the market is irrational and may suddenly offers compelling opportunities for ......