While waiting for the bank teller in a hectic work week, a colleague talked about how the index wasn’t doing really well. My comment is that, I find the movement really insignificant when I am seldom fixated on the index movement when it doesn’t help me much.
Here we are near STI 3,300. Short term wise the price movement is actually doing better these 2 weeks. The lesson learn for him here is, just like what the users will comment, the server is sluggish, slow and in need of more resources. With quantifiable data, an examination of the price trends, it sheds a better light.
Yahoo Finance is rather nifty in providing individual stocks historical prices but also the index. The short link to the STI Interactive Chart is here.
The above shows historical of 2007 to current year 2014, or 7 years. Baring the financial crisis, we are still significantly below the highs. Stretch your time frame from a few weeks, and the different from a low of 2600 to 3300 is only around 25%. This means we been constantly moving in such a window.
The price hart below provides a different perspective. It goes far back to 1988.
Kinda looks like pre 1997 isn’t it.