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AS AT last Friday (Nov 7), the Nasdaq Composite Index sits 4 per cent off its all-time high while the broader S&P 500 hovers 3 per cent below its peak. In contrast, Singapore’s Straits Times Index (STI) broke past 4,500 to close at a record high, diverging from its US counterparts.
Despite the different fortunes, the same anxiety grips investors on both sides of the Pacific.
Those already invested worry that a correction lurks around the corner, threatening their gains. Meanwhile, those sitting on the sidelines share identical concerns: Why invest at near-record highs if prices will inevitably fall?
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