Election Over, Stock Trading Carry On...

Looks like the election results did not have much impact on the stock market. The ruling party reported that they have received a strong mandate from the people. At the same time, we have some oppositions in the parliament. Also, more promising and exciting new faces from the opposition party! Guess most people are happy with the results, um... not the ruling party of course. And I presume the results are expected by most analysts, that's why there's no impact to the stock market. We seldom have surprises with our election anyway. So, good or bad? It really depends on what one wants...

So looks like there's no push factor for the stock market these few days. For the past few days, the market went up because of blue chips like banks that have significant impact on the Straits Times index. Those stocks that I am trading do not belong to this category, so got to wait for their turn to bounce back. Before I started stock trading, I always have this impression that the Straits Times index represents the whole of Singapore stock market, or at least the majority. Now then I realise that a few giant stocks can actually bring up the index by so many points with most of the other stocks lag behind! I wonder if it is like some countries when the minority rich get richer, and become the richest, because they took away majority of the wealth earned in the country, with the majority ordinary people lag behind, and the economy will still be reported as going strong?

Now got to wait for the interest rate announcement and see how it will impact the stock market. Let's see if I can trade some cheap stocks this round : )

Link to Stock Wealth blog