This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Uncle8888,
ReplyDeleteNot just F&B. To sound a bit callous --- at least majority of workers in restaurants & cafes etc are non-citizens.
More worrying are the large numbers of companies / industries that hire more Sinkies .... but are classified as non "critical" or non "strategic" in this semi-lockdown.
Triple whammy of demand destruction, supply disruption, and whether possible for the company to WFH or not.
Thousands of companies will be appealing to gahmen these few days to be classified as "critical". Good luck to them. E.g. construction of condos & shopping malls. LOL!
Gahmen will be rolling out even more welfare for companies over next 3-5 days, hopefully to prevent mass retrenchments ... or at least to "flatten the curve" of retrenchments & not have big bang like in US.
Halimah will be very busy listening to the council of presidential advisors. Hohoho!
Market will tank on Monday. Time to short!
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