P/E is below 10
check out the PE ratio for the index, it has now hit < 10.
previously on 18 March 2020 it hit 9.5
pessimistic sentiments is causing overselling when compared to the index’s earning performance
take a bet as there are no sure things in the world and slowly load up your fav counters. this weekend could be a blockbuster bombshell as we have 3 separate regions that could sway the tide (middle east, russo-ukraine, Fed’s silence before the Nov rates announcements)
VIX has hit the 20 point mark, signalling volatity similar to the previous Fed announcement.
$UOB (U11.SG)$ $OCBC Bank (O39.SG)$ $DBS Group Holdings (D05.SG)$ On the local scene, 26 Oct UOB announcement could be the last beacon of light if international conditions deterioriate next week.
As of now no one has a crystal ball beyond the next 24 hrs.
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Liew Yee Tat : still not cheap. is a big bubble even SG is well management.
输钱没底线赢钱没上线 OP Liew Yee Tat : imagine the joy of ppl when buying it at <$2 during the financial crisis and collecting dividends since. many nights for many people, they are wanting for the price drop, but there are too many distractions all the time.
lets keep our eyes on the price we want to go in at.