The STI has reached its 16 years high.....
Closer to home, we also witnessed an all time high for the Singapore stock market. The last time it hits 3573 price level was in 2007, almost 16 years ago.............
With the banks taking up close to 50% of the index, it is also evident from the chart that DBS bank has been rallying 2016 till its current price of 37.60........ It could continue the rally and climb towards 40 or even higher........
I am a little concerned with the rate hikes for the remaining months and 2025 onwards..... This will directly DBS bank as well....
Am I selling ? Not yet as attempting to predict the top just like the bottom is anyone guess and one can potentially lose much more by being one step ahead of the market. So, I am sitting tight and holding on to the ship and watching the chart closely.......
Please DYODD
With the banks taking up close to 50% of the index, it is also evident from the chart that DBS bank has been rallying 2016 till its current price of 37.60........ It could continue the rally and climb towards 40 or even higher........
I am a little concerned with the rate hikes for the remaining months and 2025 onwards..... This will directly DBS bank as well....
Am I selling ? Not yet as attempting to predict the top just like the bottom is anyone guess and one can potentially lose much more by being one step ahead of the market. So, I am sitting tight and holding on to the ship and watching the chart closely.......
Please DYODD
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