It’s an understatement to say that 2020 has been a rollercoaster ride. Starting with the discovery of a new, deadly pathogen known as COVID-19 back in January, stock markets swiftly crashed in March as a pandemic swept across the globe. The world spent the next seven months frantically working to develop a cure or vaccine for the virus, and in November, several pharmaceutical companies announced successful trials for their vaccine candidates. What happened next was surprising, but utterly believable if you understand human nature well. Stock markets in the US, which had already been rising since the big crash in March, headed up even more to scale new all-time highs. And in Singapore, the Straits Times Index (SGX: ^STI) has risen more than 15% since the start of November, buoyed by optimism over the vaccines. The government had also recently announced that Phase III of the reopening will take place on 28 December, further adding to the festive mood....