After two weeks of roller coaster ride, the market finally seem to recover after Wednesday. The announcement of financial aids by the government has certainly helped to stabilize the market sediment. Prior to such announcement, the STI index at its start on Monday crashed down to its lowest point at 2,208 points.
And that was when I decided to enter the market. Some 30% of my war chest was activated. This was my second activation of the war chest since early this month. Thereafter the STI started recovering and ended at 2,528 points on Friday. Phew, I guess I got the lowest bottom this time. But is it the end of the roller coaster ride? Hmm, that is still pretty much early to say.
This virus will not die off so easily, most of the general outlook on the event is this virus will eventually be contained by the Month of May, so that could means we still got 2 months to endure. The market can still be very much unpredictable, for now, with flowing in of government financial aids the market could see some stability but overall market is still pretty much vulnerable. Countries like Italy, Spain and even our neighbour Malaysia are still in the early stage of the struggle and things could become worse.
This is a crisis which everyone has to overcome together. Until there is any effective cure for it, our body is probably our best defense against this global enemy. Sleep well, drink more water, stay healthy.
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