SGX in intensive care...panic cries for intervention

After more than 20 years of hiatus, with the stock market allowed to wither on its own, with no one bothering to ask why, to want to know, panic cries for action to save the stock market are now getting louder. Strangely, no one knows that the stock market is in intensive care for so long and finally there is enlightenment, awareness that it is dying? 

SGX used to be in number position in the region or competing with Hong Kong to be number one. Today, it is even smaller than Bangkok and Jakarta and even far away in the wilderness, Auckland, New Zealand. Anyone know where is Auckland or New Zealand, islands where there are more sheep than human beans. Not that no one has been talking about it. Not that there were no signs of the decline of the stock market and a once blooming industry heading into the sunset. These happened not today, not yesterday. It happened decades ago. Rip Van Winkle just woke up from a long hibernation.

And what is it all about in the cries for action? The sounds are there, but the direction is heading no where. No one wants to see the truth or wants to know the truths. All talks of emptiness and not wanting to address the real situation, the real cause of the problem and decline. Training and more training will help. Get the horses jockeys in the Turf Club to go for more training. Oops, where to race when there is no Turf Club?

When they brought in derivative trading and computer and algo trading, the war cry and optimism was liquidity. These instruments and new trading platform would improve trading liquidity by leaps and bounds. Business would be roaring with huge turnovers. Really?  No one cares about the dangerous and fictitious trading of the these instruments, about the unfair trading, unfair advantages they have in the market against every trader big and small. When trading is unfair, loaded in favour of computer algo trading operators, the other players did not have a chance.

It is like placing a few vacuum cleaners in the stock market and turning them into full blast, sucking up everything in the market. No, not true?

Never mind, the super talents paid in the millions know better and will solve the problem when they put their hands and minds into it. Never mind that it has taken more than two decades to rot and the worms are crawling out into the open and cannot be hidden and dismissed as nothing to it. Training would solve everything. Go for more training and more courses.

The stock market would be saved. They are starting to talk about saving it and a Singapore miracle is about to happen. Surely they know what is the real problem. Oops, think they did not know and have been asking the public for answers. This is the real frightening part. When people paid in the millions did not know, how to expect the hoi polloi to know?