ForexHound, 16 Apr 2009
I am somehow trying to twist this data out of Singapore as a semi-green shoot. I'll use the always ready bull excuse of "it can't get worse!" and then sprinkle in "it's backwards looking." Otherwise I'd be worried that this data confirms the Baltic Dry Index situation and says global trade is just a disaster - remember Singapore is a centerpiece for global shipping. [Mar 26: WSJ - Singapore's Boomtown Dream Gets Hazy]
But as we know, in this market where "beliefs / thesis" matter more than facts (at least the last 6 weeks), and the "all knowing Oracle like nature" of markets tell us things the human eye could never understand- the stock market of Singapore is flying.
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