A sea of red once again. It's not every day that we see stocks like CSE Global dropping 13%, or the likes of OCBC, SATS and QAF by more than 6% IN A SINGLE DAY?
STI is now at 2782, a far cry from 3,300 plus at a recent peak.
For somebody holding a portfolio of $10,000, a 20% drop is $2,000 difference. If you have a portfolio of $1,000,000, that 20% is $200,000. 100x difference. Bearable?
Now's where the rubber hit the tarmac. For those who say they can tolerate a 40% drop and will not sell down in panic, here's validation time.
What's your reaction like so far? Are you flinching yet? A twitch maybe?
And by the way, it's tax season. Have you filed your Income Tax yet?
