Ah we can hear it now, the activity and panic that struck investors in late February and early March after the worldwide meltdown prompted by that gigantic sell-off in China.
With that single event, markets in the region and consequently elsewhere in the world, tumbled, and many feared that the recent surge we had seen was over. The markets were "correcting" and the good times would be no more...well, I for one didn't buy it entirely.
Fast forward a month or so: markets are on the rebound! In Singapore, the market is setting new, all-time, record highs, again (with just a few hours to go in trade this monday we're looking to finish quite strong!). One would hardly believe that little more than a month ago that markets around the world were experiencing their worst declines since 9/11.
Back during the decline, we here at Investor Central tried to lend a shoulder to cry on and encouragement for investors that were in panic mode: we simply said, 'don't panic!' If there was any potential upside to it, the market then represented a potential buying opportunity. I always look for the upside and positive for everything in life, even if there
Now, headline phrases such as "STI sets record high" and "charting new territory" are back in our everyday vocabulary (for now at least...not getting too far ahead of myself).
Lets just hope we don't have to go through something like that again.
-Curtis Bergh
as always please see your licensed financial advisor before making any investment decisions
No comments:
Post a Comment