About five months ago, I expressed confidence in Singapore's stock market in the coming years. Straits Times Index did not let me down.
As a Singaporean, I am proud that the Straits Times Index(STI) is a world stock index leader (as of 28Jan2022 year-to-date). An admirable achievement for a stock index which has been shunned by even Singaporeans for the past several years.
STI didn't decline much in this week of carnage. That is a show of strength in a week of carnage.
STI has been jokingly coined Simply Terrible Index for its laggard performance. In 2021, STI's moderately strong performance relative to other stock indices gave it a better name Slightly Tolerable Index. Today, STI can be called Slightly Terrific Index. While STI is the number 1 winner today (Terrific), 3.93% gain year-to-date is nothing to shout about (only Slightly Terrific).
I eagerly await the day when STI becomes Superbly Terrific Index. Let's see how it goes by end of 2022.
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