Well, today is the first trading day of November in Singapore market and the market has react in a positive manner (STI is up by 30.21 in the morning session trading). We finally can said good bye to October. STI was 2305.14 on 30 Sept 2005 and it end at 2216.77 on 31 Oct 2005. A drop of 88.37 points. Is it true that October always caused the Singapore market to drop. I decided to check the STI record for the past 6 years and the following are the results I get:
2005 2305.14(Sept) 2216.77 (Oct) -88.37
2004 1984.74(Sept) 1980.69(Oct) -4.05
2003 1630.80(Sept) 1723.71(Oct) +92.91
2002 1352.30(Sept) 1463.37(Oct) +111.07
2001 1319.53(Sept) 1367.84(Oct) +48.31
2000 1997.03(Sept) 1976.54(Oct) -20.49
Well, it is a tie between the last past 6 years. So the conclusion is never time the market. Trust your own research.
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