The age of eternal night is coming! What an exciting week it had been. Singapore REITS continues its free fall. The other Blue Chips counters also decline. But the rate of decline is no longer as crazy as the first 3 weeks of March 2020 but unfortunately, the worst does not seem to be over. There is no need to have the fear of missing out the boat by rushing and pumping all the money one has into stocks right now. As a matter of fact, the next few quarters is going to get worse with many companies going bankrupt and more workers losing their jobs. The STI looks set to eventually crash below the 2,000 mark despite herculean effort by the Singapore Government to rescue companies and save jobs.
From the historical STI performance chart above on major crisis, we can see that STI once hit around the 1,600 low...
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