Many experts are divided in their outlook over the next few months, however it seems to me that more people are bullish than bearish. For me, I am of the opinion that the markets will go lower first before heading higher. I do not reckon that the STI high of 2947 will be surpassed anytime soon. However a correction of 5-10% would present a good opportunity to increase one's positions in blue chip and other strong dividend-yielding stocks, such as SPH, Suntec Reit, SATS, Starhub, Noble, Olam, CDL Hospitality etc.
Over the longer term (1-3 years), I am more bearish, as there are several problems that have not been sorted out.
Take a look at the table below to see how some of the global markets performed this year.
|Name||Jan change||Feb change||YTD change|