I want to ask this question too, because I am not sure about it too. Some favorable factors are:
(1) Singapore will hold its general election soon. The government will paint a rosy picture as usual. (2) Local economy speeds up since 4Q last year. Government has lifted the GDP growth prediction. (3) Regional economy entities are doing well. Japan finished decade-long recession. China won't see retreat until Olympic year 2008.
But we must keep in mind that negative factors are not faded. These are: (1) High record crude oil price, which may reach us$100 per barrel. (2) US economy halts because of high interest rate. (3) Potential pandemic of bird flu.
What can you draw from above? I only know that in the next three month, the market mood is positive.
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