It is time to revisit this post. I had accidentally removed the poll results from the sidebar but in narrative, most of the readers polled expects the STI to be up 5% from the start of the year. Unless there is a remarkable rally all the way to the end of the year, we are no where near that level required (3,350). This has been a case of over optimism and readers were joined by the stock analysts.
Now, at least in the newspapers, analysts are expecting next year to be flat and are suggesting alternatives such as corporate debt and convertibles.
I will still hold on to my stocks. They are most likely to perform better next year. But in the interim, I will be offloading all the weak performers. These are mainly the small caps that have lost their way and are now having cash flow problems.