Dow at 50,000, STI at 5,000, Singtel at S$5 – what’s next?
Bullish investors beware: record highs and the breaching of psychological barriers tend to lead to an underpricing of risk
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CHART watchers would have noticed a curious convergence involving the number “5” a few weeks back, with the Dow Jones Industrial Average and the Straits Times Index (STI) closing above 50,000 and 5,000 around the same time, respectively.
The STI’s rise coincided with Singtel’s rise above S$5. Meanwhile, Singapore’s 2025 growth has just been revised to 5 per cent.
One might ponder whether a similar convergence involving the number “6” will occur – if ever.
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