Today (5th Sep 2016), STI “chiong” (rise) 47.82 points (or 1.71%) to close at 2,851.74. Effectively, all the regional market are in the green green land today. What is the cause(s)?
Is it because summer is just over?
Is it because of the weak US jabs data? (I know, this is kind of contradicting)
Is it because summer blockbuster movies are over? (just joking…)
I guess no one can say for sure but whatever the cause(s), it doesn’t means anything the for future performance, my friend, STE, put it greatly in his recent blog : The Greatest Gambler Fallacy. Also, this is the irrationality of the market movement (during the short term) that most Value Investor gurus talking about.
Whatever it is, I will just try to “ignore” the short term volatility while focus on the long term as well as the dividend …