It's been quite an interesting year, and as we near the home stretch we wanted to make this blog much more interactive. After all, who wants to hear my diatribes against the market detractors and being right when I said not to panic when the market was down (again)!

The final three months of trading are well underway, and the STI hit a new record today on the first day of the month. Surprised? Well, tell us if you are.

But let's summarize what the market has been up to so far this year:
-February: Major regulatory announcements and reforms were announced in China that sent a shockwave across the trading world. Shanghai Composite dropped more than 10% leading to a worldwide selloff. Singapore was down as well.

-April Flowers Bring May Showers! Things start to look a bit better, market for the most part recovers from the February selloff. In July, the Dow sets a new all time record high at 14,000, as well as a new high on the S&P. Singapore, goes back up.

-Subprime rears its ugly head: Subprime issues emerge in the United States and spread globally as well. Market pulls back in the U.S., and in Singapore.

-October: STI rebounds at a new all time high on the 1st. Wall Street recovers after Bernanke and company cut interest rates 50 basis points.

So that's the year in a nutshell. Tell us what you think will happen for the rest of the year and where you think the STI will be at on the last day of trading for 2007.

Curtis Bergh

Labels: SGX, Singapore Market, STI, Straits Times Index