SG CB measures started and SG 3rd Budget was announced but last week’s worldwide rally was peculiar
The title is designed too show how predictable financial markets really are. Say for example it dived last week, people will comment that it is expected due to Singapore’s CB measures but since it rallied, many would start rationalizing and coming up with acceptable reasons. Casting those noise aside, this rally is only going to be temporal and the situation is still not improving as much as we hope it would. At best, we could attribute last week’s rally to excessive liquidity in the market. So seriously what’s next?
Honestly, the news will likely change its tune soon enough and things will start looking gloomy again. This roller coaster ride is not over and we are still on the ride. Nevertheless, last week was a great week to take some decent...