How low and how many days more to go before hitting bottom?
Let look at STI history
Asian Financial crisis: STI down from 2,504 to 800 (-68%) and lasted 941 days
Dot.com crisis: STI down from 2,582 to 1,197 (-54%) and lasted 680 days
Sub-prime crisis: STI down from 3,875 to today closing 2,633 (-32%) in 329 days
So we are only half-way through ... more pain to come.
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