" if STI consolidates, do not loose focus on the bigger
picture. Our economist believes that the worst of the economic
contraction is behind us but recovery is gradual. That is, we are
at the bottom of the ‘U’ of a U-shaped recovery and the
bottom of the ‘U’ is slightly upward sloping. i.e. Markets are in
a bottoming process. This means that STI 1457 in early March is
a major low. For investors, a pullback to the downward
retracement levels is seen as an opportunity to accumulate
stocks." - from DBS Research .
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