19 December 2013

STI Opened at 308X

Today was like a roller coaster ride, opened high and then closed low at 3070.23, not that low though, at least it's still 8.45 points higher than yesterday's 3061.78, so what will happen tomorrow? Let me guess, so far the tapering issue has been finalized, the Federal Reserve have already announced the cut back by $10 billion in January 2014, markets are very fragile, they tremble at the sign of any uncertainty, the announcement should give some needed assurance to investors, furthermore, interest rate would also remain the same, so the impact to the markets is minimized, but ultimately, it's still up to investors to decide whether they should invest in Singapore stocks, can only wait and see.

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