Seems nothing is safe out there. And the thing hanging over likely China Stock Over Valuation and Singapore Growths. The 3 local big banks have seen dramatic price reduction in the range of -20 to -25% despite good overall earning. That's a crash isn't it ? Even the Teleco is not spared ranging -20% to -30%. M1 more on the 4th Telecom impact.
...If we are thinking this is all about stock price or employment rate then we need to look and get a feel on the ground. Tell these to those vested in Property, Oil and Gas, Commodity, S-Chip, Shipping counters and things are much much worst than STI indicated -15%.
And then on the job front, there are folks that are't looking for jobs or just retrenched. A gathering recently of old university mates happen to have 3 couples with their mates or themselves out of jobs. And their ...
