Speaking about volatility; just three weeks ago, there was talk of doom and gloom in the markets, with the Straits Times Index (STI) nearly touching the 3,000-point mark on Boxing Day. As of today, the STI closed at 3,198 points, almost a 7% increase. Along the same time period, the S&P500 had recovered some 10%; from 2351 to 2587 (before the U.S. markets opened on 11 Jan 2019). Looking back during the two weeks that straddled between 2018 and 2019, quite a number of fundamentally sound companies’ share prices were at a low, which meant buying opportunities. However, we are able to make this observation and conclusion on hindsight. If we were able to turn back the clock and time-travel back to that fateful fortnight, do you think we could still make the buy call confidently? This brings up the oft-mentioned trait about the financial markets which I harped on like
About The Author
My first encounter with the financial markets started in the aftermath of the 2008/2009 Global Financial Crisis. Before this, I had no notion of what investment and trading were, although I had learned about economics, business management and accounting back in my university studies. I was a trader when I first started, albeit an amateurish one, and trading was just a side hobby of mine ...
December 30, 2009
February 14, 2018
March 7, 2013