SGX targeting the heartlanders
SGX is mounting a public campaign to educate the heartlanders to invest in the stock market. One thing unsaid is that the market is very sick and there is an urgent need for an injection of morphine before the market turns into a cold turkey. I said morphine injection and not tonic as more innocent traders entering the market, if they take the bait, will only be a temporary respite. The market would still go into a coma and then mortis rigour if nothing is done to look at the real causes of its bad health.
What has happened to a flourishing market that saw hundreds of thousands of investors vigorously trading daily but vanished into thin air and the market looking like a cemetery on a weekday? Where have all the investors gone and why?
There is something very sinister in the dying market. Is this due to the uncertainties in the collapsing world economy, the financial system, or is it something local and systemic? Or is it that the products are unworthy or unfit for consumption? It is important to understand the causes of this pathetic state of the market before bringing innocent and naïve heartlanders to trade in a market that is more like a casino, dominated by computers and the big boys. Someone once advised that traders cannot trade against Robocop or the computers and hoping to come up tops.
The heartlanders are not the super rich that have easy money to splash and to lose. Their little savings or spare cash are blood and sweat money and if they are encouraged to trade in a stock market, their interests must be protected at all cost. Does anyone want to know what happened to all the traders in the market? Where have they gone, what happened to them and why were they no longer in the market?
This could be a good place to start and the answers could reveal the causes of the dying market and what needs to be done before bringing in the sheep for the slaughter.
Is there anything wrong with the market? This is a spooky question that begs to be answered.