The S&P 500 closed down more than 7 percent from a record set last month.
"This sell-off, in the bigger scheme of things, is not that big. But it is very important in psychological terms," says one strategist.
CW8888: Today will be interesting day for newbies!
Good time to know how much draw-down in your investment portfolio you can stomach without panic selling. Time to learn and re-learn about Mr. Market.
ReplyDeleteUncle CW,
ReplyDeleteAiyo, I at work now leh. Don't make me so kan cheong to open my war chest. LOL
Open war chest or not???? Kan cheong liao.. All in red mann.
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ReplyDeleteSgx drops from 3600 to 3406 a drop of about 6%. Not meaningful to me yet.
ReplyDeleteOn medium term basis, still very normal. ;) Good to have a bit of volatility to shake out the extreme complacency!
ReplyDeleteJust trade / invest according to your plan or system.
At least some vindication (and celebration) for those whose hands have been cut & bloodied from shorting the SIMSCI since late 2017! Kekeke!!
But then horr... sentiment now very pessimistic ... so shortists need to be careful...
Best days in stock markets often occur close to worst days in stock markets! Hohoho!!
Dow future is down about -550 at 1328 hrs. A rough ride tonight
DeleteDow future is down about -550 at 1328 hrs. A rough ride tonight
Delete$5K is median income in 2016
ReplyDelete