The stock market is not a place where everyone gathers and make money.
The market is brutal and can hurt those who does not take it seriously.
Today's brutal session in the market shows why people generally fear and avoid the stock market.
The STI index drops about 2.1% today on session close and it is one of the larger drop I have seen in this year.
One of the main cause of drop is due to the announcement made last night by MAS in a bid to tighten the mass retail market demand by raising the ABSD and tightening the TDSR.
Everyone processes the same common information and outcome and you can see how folks went to rush into buying a unit before the official tightening kicks in.
No, it's not a bak choy sale at NTUC for $1.10, it's a freaking condo worth $1m and above! |