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When bad news is good

Published Fri, Oct 25, 2013 · 10:00 PM
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THE Straits Times Index (STI) eked out a 12.34-point gain over the week to finish at 3,205.24 yesterday. This was bolstered by a strong start to the week as penny stock activity returned and the market turned optimistic about the continued stimulus from the Federal Reserve over the near future.

In the twisted logic of traders, the market rose in anticipation of anaemic September numbers for the US job situation - only 148,000 new jobs instead of the expected 180,000 - which were r…

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