The past week was a nerve wrecking week for all investors and speculators in the Singapore stock market.
The Straits Times Index kept on dropping amidst uncertainty of the political stability.
All signs pointed to the unhappiness of the people over the ruling political party, People’s Action Party.
Now that People’s Action Party has won 81 seats out of 87 seats, even though the overall support is just 60% of the voting population, the nerve shattering week has ended.
Everyone in the world has taken the political stability of the Singapore government for granted. That includes the People’s Action Party as well.
It thought that every Singaporean will support the People’s Action Party, even though the people have been voicing their unhappiness for a long time.
It is time for reality to sink in.
The ruling party has five years’ time to regain the trust that it has lost.
On a happier note, the ruling party will not suffer the humiliation that the rulers in Middle East are facing.
The voice of the people, through the General Election 2011, is loud and clear.
The ruling party has to relearn the art of listening to the people, instead of just brushing the complaints aside.
Singapore General Election 2011 is a awakening call for People’s Action Party, almost like a baptism by fire.
However, the caliber of the selected parliamentary members from People’s Action Party is high, except for the Tin Pei Ling and Mah Bow Tan.
Tin Pei Ling does not even know how to defend her reputation convincingly, how can she represent all the people in the ward?
Compared her to the youngest candidate in the election - Nicole Seah, Tin Pei Ling is a complete failure.
Nicole Seah has proven her political and emotion maturity, even though she is just 24 years old.
I wonder how People’s Action Party can miss out talents like Nicole Seah. Something is obviously wrong with its selection process.
Mah Bow Tan is one of the reasons for the People’s Action Party to lose the support of so many voters.
If he had waken up earlier, and realized how high the public housing is, instead of telling the people that housing is still affordable, the ruling party will not lose so many votes.
Hopefully, People’s Action Party can find better candidates than Tin Pei Ling.
Otherwise, it is going to lose heavily in the next election.
The Straits Times Index will definitely sink like a stone if opposition parties win more than 50% of the parliamentary seats.
Now that the election is over, and the result is out, the Straits Times Index should rise in the coming week.
The foreign investors can feel safe for investing in Singapore, at least for the foreseeable five years.
Will Straits Times Index improve? If yes, how high can Straits Times Index go?
I eagerly wait for the opening of the stock market on Monday
Next week will be a difficult week for the STI. Refer to technical charts here:
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