The bad start to 2016 continues on to bad start to the Year of Monkey. The fight against the Bear Army probably will turn into a long drawn fight.
The STI lost 3.2% on the 3 trading days this week and the Bear Army is pushing STI back towards 2,500 again. My portfolio done better, just declined 1.9% but my total lost increased to 4.8% at the end of the 6th week (not counting dividends collected).
Considering that my portfolio had once declined more than 50% during the Lehman Bear Attack, so far this 2016 Bear Attack has produced only a minor blip on my portfolio.
My worst performing counter is still Keppel Corp, and it lost further ground to 38.2% its invested value. Sembcorp Industries has lost ground this week and has lost ......