The Singapore market was a sea of red on Wednesday. The STI Index dropped 3% within a day, its biggest fall since 2011. It recovered slightly over the next two days but still ended the week down close to a hundred points. What is the market poised to do when it opens tomorrow? Regular readers of BigFatPurse will know that we never comment on market direction. Pundits and gurus who claim that they can predict what the market will do in the future are either very smart or very foolish. We are neither. Truth is, the financial market is way way too complex for anyone to understand fully all the factors that may influence its movements. Known unknowns are aplenty. For example, we know that China is going to devalue its currency but to what extent will it actually affect the STI is anyone’s guess. On top of that, unknown ......