Feel Good About Your BULL Market Returns
It has been quite sometimes since my last update of the “Regression Chart “ for STI and world major indexes.
After seeing the chart with the latest data, I realized that no wonder everyone seems happy on the ROI of their portfolio and bullish about the market recently as STI hit above 3200 level.
Here you go….
** For the first time since Oct 2015, STI is moving above long term “regression mean “ of approx. 3220.
STI still far from +1 SD as compared to the other world major indexes like DJ or Nasdaq and for sure, nobody knows where the market will be heading, it may continue to trend upwards if sentiments continue to be good and there is no abrupt correction on world major markets.
Although STI is far from “Bubble “ level of valuation, but always remember that “ When the US sneezes , the world catches a cold “.
Here is the “Regression Chart “ of US Markets
Here in Singapore, our local stock analysts also seem very bullish about how the market will end in 2017, with below called and Year-end estimates.
Year-end estimates for the benchmark Straits Times Index (STI) range from 3,400 points to a possible test of the 3,539.95-level last seen in April 2015
So what is your take on STI by the end of the year? Above 3400 or 3500? For me, I have no idea nor crystal ball to tell where the market will be heading and would recommend all serious investors to read this latest memo from famous billionaire investor Howard Marks: ” There They Go Again...Again