Market Review and Trends
Blue Black Monday on 24th August
By A Dividend Simpleton  •  August 30, 2015
I sure it was all on the news, the 100+ points drop in the STI in a single day, roughly 4% decline, the black Monday of 24th August 2015. For a post GFC investor in the stock market, I have only witnessed that once, and that was after S&P downgraded the US credit rating due to the persistent bickering between republicans and democrats with regards to the debt ceiling. The reaction of the STI was swift, crashing 100+ points within a day, and it continued to decline considerably the following days from 3200 to 2500, severely dampened by the lingering Euro Debt Crisis, which the root of the problem was not rectified since the days of the GFC.   It is because of this experience that I was a little nervous in adding positions on Black Monday itself, telling myself it may continue to decline the following days, just like what ......
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By A Dividend Simpleton
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