The volatility of the market has returned again. The CBOE Volatility Index which gives an indication of the market volatility jumped from 12.85 on the 6th May to 22.87 on 9th May 10.40 pm (GMT+8). By the way, this index can actually be traded but you must be able o stomach a wild ride. Stay away if you are not a very high high high risk taker.

During that same period, STI dropped 2.9%. The bigger losers seem to come from the banks and the property counters.

For instance, OCBC is now $11.31. It was $12 (even after ex-div) not too long ago. Capitaland was $3.7 and it is now $3.4. They are starting to look interesting again. I can’t help feeling excited 🙂

I did some small nibbling these few days, no big position change, just some adjustment of my portfolio to upgrade the “quality”.

I ….

Reduced my