After enjoying handsome gains for the past 2+ years, global stock markets are now either whipsaw-ing or trending downwards in the year 2018. Some may put the blame on the ongoing Trade War while others are saying that a correction is actually already in the cards after such a long bull run.
Dow Jones started year 2018 with around 24500, reached a record high of 26500 and is now lower than before at 24252 at the time of writing. Straits Times Index (INDEX: ^STI) is no different – kicking off 2018 at 3,400, reached a high of 3630+ and then plunged >10% to 3,280.
For newbie investors (or even experienced investors), the market decline serves as a rude shock or awakening that the market doesn’t go up forever. At least, it doesn’t go up in a straight line.
The fact is that nobody is going to be spared the Mr.
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