Today is the second day of a long coming week and I am starting to recover from my monday blues. Yesterday was certainly a gloomy day for me, and as usual facing the computer keying in data and analysing the cost of shipment continuously. I was lucky that I left my house early and caught up with the shuttle bus at Pasir Ris which ferried me to my workplace, otherwise I had no idea how I could get to work when the god-damn MRT system was out of service for the whole morning!

To add oil to fire, the STI(Straits Times Index) fell by 6 %, a stunning 187 points drop to below the 3000 mark. And I think this is a worst single day drop for a long time. Not only was tension and anxiety felt in the Singapore stock market alone, stock markets across the globe tumble significantly too. What does all these imply? A beginning of a bear market? Most probably. With the greenback drepreciating in value, a rise in oil prices and recession of the US economy caused by her sub-prime crisis, the bear is very likely to strike any moment.

I read an article recently that reported the linear relationship between human emotions, weather and the stock market. This is very true because we have to admit that the market is driven mainly by fears, anxiety, confidence, all which are symbolic to basic human emotions. But what is interesting is that studies have shown that stocks generally perform better on a fine weather than on a dark, gloomy day. The data was produced by analysing the rise and fall of stocks on every single day of the year and a high percentage of good performing stocks appreciate on a fine day! I am sure Warren Buffet might want to incorporate weather patterns into his investment strategy as one of the deciding factors for selecting winning stocks.

Overall, it was still a gloomy Monday for me and most people out there. Hope to gain some insights late in the week.