Singapore stock market will expect more turbulence and STI will continue its downward trend for the rest of the year.
Factors that affecting the weakness of the market:
- It is predicted that Singapore's full year economic growth at 3.2%.
- bad economic environment globally
- High jobless rate of US
- US saving the troubled mortgage giants Freddie Mac and Fannie Mae which own about US$5 trillion of loans (1/2 of all mortgages in the US)
- fast falling commodities sector
- falling oil prices
I would suggest that it is better to keep all your cash and stay away from the market.
Tuesday, September 9, 2008
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