To The Moon

I had to restrain myself in light of yesterday's surging markets in both the STI and $S&P 500(.SPX)$  . The momentum of last week's rally could still be seen and the human nature in me asked why didn't I buy more stocks. 

I had to continuous remind myself that we were still in bearish conditions where inflation was still present, war was still on-going and a recession could still be looming. The biggest reason for the market rallying was China's easing of measures and that there would be an influx of business but would it be enough to overcome the overarching conditions? My opinion is not. 

This, I thought that it was important for investors not to buy in on the green. In fact, if anything, I thought it would be better to sell. The only problem is that I cannot identify the top, just as I cannot identify the bottom. In both my trades, $DBS GROUP HOLDINGS LTD(D05.SI)$ and $Grab Holdings(GRAB)$ , I have opted to hold on my purchases as DBS hit $35.80 and Grab hit $3.81 yesterday. 

While tempting to buy more when prices were surging, I did not because I had gone to much trouble to make sure my entry price was lower than last year as part of my resolution to enter properly. Having a low average required much patience to wait for the right prices. Thus, I did not want to raise my average so high because I felt that the surging market would not last given the overall market conditions.

I do not know whether I am right, in retrospect but there are signs since the S&P500 slumped after the initial rally yesterday by 0.08%. While most stocks are green today, I feel that a drop soon may be inevitable. Hence, the dilemma of a surging market.

@CaptainTiger  @TigerStars  @Tiger_chat