The stock market staged a solid recovery past two weeks. STI rised about 6.8% from 2,994 on 4 Jan to 3,198 on 11 Jan. Other markets recovered well too: Hang Seng up 6.9%, Shanghai 4.4%, Nikkei 225 3.6%, S&P500 4.9%, Dow Jones 4.8%.
Accompanying this recovery is an increase in interest to participate in the stock market. I start receiving many questions from friends and clients on stocks and asset class, compared to 2 weeks ago when the mood was sombre 2 without much chatter.
The two most questions I get regularly is ‘xxx stock can buy?’ and ‘how high will xxx company go’?
This actually reflects a situation that is very very common among the investing folks – most investors do not have a plan.
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