I thought when PAP government announce the new property measures, stock market will fall somewhat. Well, I am wrong. The market continues to rise and breached 3100. I believe stock market will continue run as long people believe economy is in good shape.
I am in steel business and demand for steel has stabilized and I don’t see it reaching 2007 level anytime soon. But stock market is approaching 2007 level. To me, stock market should stay stagnant or going sideways not going up. What I miss here?
What I learn most from my meagerly experiences of trading or investment is patience. Understanding the stock market and learning technical and fundamental analysis are musts in trading or investing stocks. But without patience, you may buy high and sell low. Once you adopt a strategy and set the goal, you must be patient and wait for it. In my case, I’ll continue to wait for First Reit.