We are into the final week of the October month and it seems forever since we last had such a volatility in the market. The month of October has historically been the most volatile month for stocks (such as the 1929 crash, credit crunch 2008) and it has proven itself right once again, at least this year.
I remembered the time I was in Spain while watching the Dow dropped over 400 points in a single day and I was watching the STI stocks dropped quite a bit as well, especially for oil and gas related (Keppel, Sembcorp) and commodities stocks (Wilmar, GoldenAgri). The brief correction keeps quite a number of people on the toes for quite a while, some panicking while the others are excited about an opportunity to put their investment funds to use.
Personally for me, I was hoping for a correction for sometime now. I see ...
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