The Singapore market ended the week at 2570. The US government intervention only managed to spur the market on Monday by 120 points and we are actually down 4 points for the week. Traders are using any rebound as a means to get out of the market which is not a good sign for the bulls.
The STI is still firmly in “Bear” territory. The market did try to climb out of the down trend but the moved ended on 4 Jun 08. The market has stayed in “Bear” phase for 72 consecutive trading days.
US officials have been working overtime this week to cook up something to help Lehman Brothers. Hopefully they can make it in time before the Asian market open on Monday.
The STI is still firmly in “Bear” territory. The market did try to climb out of the down trend but the moved ended on 4 Jun 08. The market has stayed in “Bear” phase for 72 consecutive trading days.
US officials have been working overtime this week to cook up something to help Lehman Brothers. Hopefully they can make it in time before the Asian market open on Monday.
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