Stock Market to be Impacted Again...

Evening news said Singapore retrenchment in 2005 is at 12-year low. One may be wondering why this piece of info came at this time? Any how, here we are talking about stock market, so we would not want to speculate too much on this coincidence :p

With this news, I thought it should be good for SGX as it indicates that our economy has picked up, or at least that's what we are being informed. Unfortunately, Iran has just rejected a United Nations deadline to suspend Iran's nuclear program. Does it mean oil price will hit another record high?

Got to decide whether to contra and close my position in the next trading session...

Link to Stock Wealth blog