"Investors are looking forward instead of relying on pass events. The much weaker than expected Singapore 4Q GDP number was totally ignored by investors last Friday. With the US market continued to rise on the first day of 2009, market could continue rising further today. Sentiments could continue to be boosted by the taking over of Obama as US president on 20 January, the expectation of an expansion Singapore Budget on 22 January and the expectation of a Chinese New Year rally. Despite all these positive factors, investors are reminded to be careful. Don’t jump into the market with big buy. Economic releases and corporate earnings are expected to be bad. Past months of trading patterns showed that investors’ sentiments can change overnight or even within the day without notice. With the STI above 1,800, earlier than our expectation, investors who have accumulated aggressively late last year could consider taking some profit."

- 05 Jan 2009