Monday, October 15, 2012
STI is up today, but is it sustainable?
From what i can see in the market today, there are a lot of liquidity flowing from overseas. If i trade currencies and know that certain currency strengthen against Singapore's, my guess will be that liquidity is most probably from that country.
From what i can see today, some stocks were up significantly. Yeo Hup Seng was from $2 previously to $6 today.
Whoever bought stocks today, don't think that just because your stock went up today, means you are right about it. The buying today seems random. Someone or somewhere's pumping money into Singapore. But no one knows from where, but when they pump it in, you are in no control as to when they will withdraw their earnings which might cause your loss.
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