How to predict Mr Market's action?
Closed the day before XD $34.18; Uncle8888 thought he will be sucking bitter Panadol again on XD. It will gap down and falls farther!
How to predict Mr Market's action?
Closed the day before XD $34.18; Uncle8888 thought he will be sucking bitter Panadol again on XD. It will gap down and falls farther!
CW,
ReplyDeleteHumbling, isn't it?
It's like my "I thought I knew Queenstown" post ;)
In normal markets, price "should" gap down after XD!!!
You should thank last night's US CPI report ;)
Just like nano retail investors in REITs, after thrash talking physical properties, now probably a bit sheepish and jealous how landlords of Singapore physical properties are enjoying crazy rental increases and juicy unrealised capital gains!?
Talk about good inflation hedge! Better than cryptos!
Then again, the same cannot be said of US property owners... Winter is coming...
The question to ask - who is the "broken clock" in a rising rate environment?
Singapore or US property markets?
Whole 4 rm HDB at my block was rented out at $3K as elderly mother finally moved out to stay with her son. Good timing!
ReplyDelete