SINGAPORE (Feb 5): There is no safe place for bears to hide in a market that is full of complacency these days. Asian equity markets marched higher alongside US and European markets in January, surpassing their 2007 highs and exhibiting strong upward momentum. There is a saying among brokers that the first three trading days are usually a good proxy for the full-year performance of the stock market. If that is the case, investors who hold long positions will laugh until they cry, as all major equity markets soared during the first three trading sessions at the beginning of 2018.  

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