$UNITED OVERSEAS BANK LIMITED(U11.SI)$ Banking crisis seems averted. Tonight we will watch Fed decision. Will it be 25 BP or 0 BP? Either way, it should be good for UOB. Unlike any of the financial crisis earlier, these bank runsare due to fear and not real losses. People are shifting money from one bank to another. Effectively, despite unrealized losses on longer term bonds due to increasing rates, when run till bonds expiry, in theory, it should be a gain. Losses are only realized when there is bank runs and banks are forced to liquidate the bonds at a lower price.

It had been a long time since the last correction. Prepare some dry powder for the next correction

Year of the Snake is when stocks will boom and glide forward to the highest point as Snake only moves forward and never back steps.

Year of the Snake represents a year of growth. Snake only moves forward and never backwards.

Happy CNY to all. Lets have a prosperous new year