24 August 2015, Black Monday. The SGX and other indexes around the world plunged steeply. The STI ended 127.62 points or 4.13% lower to 2843.39. Singapore Stocks were falling by as much as 7%-8% in one day. The Dow Jones fell by 586 points, or 3.56%, to 15,871 – a drop of more than 13% from its record high reached in May. Social Media was abuzz with discussions about this fallout.
How far will it fall?
What should we do?
What stocks should we buy?
What stocks should we sell?
There were also some who lamented about the pain of paper losses. And there were others cheering for this long-overdue correction with glee. Some just watched the action and sighed about how they got no money to buy shares.
Although I am still considered pretty new in investing, ( I started in 2010, after the subprime ......