As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Value Investing
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Thursday, 25 June 2020

Bro STI bows to Uncle DOW overnight???




 Stocks futures were flat in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence.

Futures on the Dow Jones Industrial Average were little changed. The S&P futures and the Nasdaq 100 futures were fractionally lower. Trading volumes were thin overnight.

The record spikes in new coronavirus cases in multiple states are damping hopes for a smooth economic recovery. California and Florida reported their biggest daily spikes in new coronavirus cases, while Houston said its intensive-care unit beds are near capacity. New York, New Jersey and Connecticut also ordered visitors from certain hotspot states to quarantine for 14 days.

The negative headlines sent the market into a downward spiral on Wednesday. The Dow dropped about 700 points, while the S&P 500 and the Nasdaq fell 2.5% and 2.1%, respectively. All three benchmarks posted their worst day since June 11. The tech-heavy Nasdaq also snapped an eight-day winning streak.




1 comment:

  1. i think this is worth to know in case U missed it.?

    When causeway will be opened? - The busiest in the World, U know or not? (i don't know until now).

    https://www.youtube.com/watch?v=YILj7U8qJZs

    ReplyDelete

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