Straits Times Index dropped 2.4% the day before.
I would guess some investors are starting to get worried about their positions.
And the media is constantly painting a very negative outlook with bearish news and scary headlines.
Headlines related to Russian Ruble plunge
- “The Collapse of Putin’s Economic System”
- “Apple Stops Online Sales in Russia Over Ruble Fluctuation”
- “Is the Russian Collapse Wrecking Your 401(k)?”
- “Russia’s Problems Are Everyone’s Problems”
- “Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain”
On Oil price going below $60 per barrel
- “Elon Musk is losing out big time on cheap gas prices”
- “Stocks, bond yields much lower in 2015: Mark Grant”
- “Falling oil price poses new threat to banks”
- “Energy Stocks, Bonds Keep Sliding Down Oil Slick”
- “Some companies won’t survive the oil meltdown”
Why does the media write these news?
Do they choose the best news to write on? No, they write ......
