Earlier in the day, the Dow and S&P 500 posted all-time closing highs. The Dow also notched an intraday record. Those gains came after Moderna released trial data showing its coronavirus vaccine was more than 94% effective, further raising expectations of a sharp economic recovery.
STI following Uncle DOW backside up???
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STI needs to rise 31% to hit its 2018 high. And 40% to go back to 2007 ATH.
ReplyDeleteMy wild assed guess is that this will be accomplished within the next couple of years. And STI 5000 within the next 4-5 years.
Come on STI, you can do it!! 💪😁
Spur,
DeleteOf course STI will hit 5000 one day!
Stocks always go up ;)
Yes, if you believe you can, you can!
C'mon everyone, let's chant together:
"STI, you can do it!"
Of course if STI 5000 only in 2035 & beyond, then the chanting will be "Top up CPF!" Lol!
DeleteNormally every downturn us stock follow by property. But this time round property is not affected. What do you think?
ReplyDeleteOr is this rally a false dawn. And the big downturn is awaiting.
ReplyDeleteWhat's important is that when STI reaches 5000, all of us are participating in the rally :)
ReplyDelete