STI has dropped 25.9% from its intraday high of 3,550 on 16 Apr 2015 to 2,631 on 15 Jan 2016. FTSE ST Small Cap Index (“FSTS”) fell 24.7% from its intraday high of 510 on 16 Apr 2015 to 384 on 15 Jan 2016. Since the start of 2016, STI and FSTS have fallen 8.7% and 5.0% respectively. Other markets also suffered the same fate. U.S. faced the worst start of the year on record. Furthermore, with reference to Figure 1 below, U.S. is heading into the 4^th consecutive quarterly drop in earnings. Figure 1: U.S. past quarterly projections and actual earnings Source: Factsheet Amid the global market selloff, there was ubiquitous news on how 2016 may be a year of financial crisis, the extent of which may rival that of the Global Financial Crisis (“GFC”) in 2008 / 2009. For example, ......