As the events unfolded on Thursday night and Friday in the stock market, I couldn’t help but recall these 2 articles that I read earlier this week by STE (about patience) and Brian of 3Fs (about holding cash). How timely and apt these articles were. I also reflected on my most recent post (about being prepared for 2H2018). You can find the links to all these articles at the bottom of this post.
I do not think anyone has anticipated the move from our government to further tighten the cooling measures on property purchases, announced at 6pm Thursday. It came swift, sudden and abrupt. The chaos at the showflats and frantic booking of units before the clock struck midnight and the dramatic drop in share prices of the property companies and the major 3 banks the next day were testimony of the element of surprise that the government has