STI close:2,629.11
PE10: 10.97x

What a difference a month makes!

January was horrible to say the least. China, although already in a bear market, could have qualified for a bear based on January alone. By the way, the bloodletting in the region wasn’t any better. As far as I’m concerned, all markets off their recent highs by 20% or more are in bear markets too which means that Singapore qualifies.

Going by my previous post, there is still room for a further drop. However, this doesn’t mean that it will happen. Nor does it mean that you will be prescient enough to recognise the bottom.

If you’re like me, then just stick to your plan.