There has been early warning since the past recent weeks that the Fed could do early tampering with its Quantitative Easing (QE) sooner rather than latter. The result - BLOODBATH across the markets all across the globe. Dow Jones and S&P led the early losers while Nikkei, DAX, FTSE, HSI and STI followed soon after.
Today's STI drop of 61 points probably marks the first time since it drops more than 90 points 2 years ago during the Eurozone crisis in mid 2011. Back then, it was chaotic and almost every stocks were left on the bargain shelf. Since then, we have seen a relatively strong progress of the STI moving upwards for 2 consecutive years until yesterday before bombing out to today's losses. Of course, it is only early days now and this could simply only be a knee jerk situation. But we can almost see how much money has been pumped ...
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