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.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

Currently; it about 54% to destination!

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

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

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 27 November 2021

Dow tumbles 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2%


U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets.

The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34. The S&P 500 lost 2.27% to close at 4,594.62, while the Nasdaq Composite slipped 2.23% to finish at 15,491.66. The Dow was down more than 1,000 points at session lows.

The downward moves came after World Health Organization officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that binds to cells, than the highly contagious delta variant. Because of these mutations, scientists fear it could have increased resistance to vaccines, though WHO said further investigation is needed. On Friday, the WHO deemed the new strain a variant of concern and named it omicron.

Bitcoin as one point traded as low as $53,549, its lowest level since early October.

The cryptocurrency is down 20% from an all-time high of nearly $69,000 which it hit earlier this month.

Bear markets are typically defined by a decline of 20% or more from recent highs.

BTC also panic selling???

BTC is supposed to be future proof?


  1. Uncle8888,

    Future proof doesn't mean volatility proof LOL!

    I think for cryptos, a -40% drop is needed to qualify as bear market.

    Different assets have their natural volatility variances.

    Similarly, for property, just a -10% drop in median prices will be considered a major bear market liao.

    For the main US indices, I doubt this event will lead to even a -10% drop.

    Ok for small buys to relief itchy fingers, but not enough to use more significant % of warchest.

    But we'll see. ;)

  2. Every asset(especially Bluest Chips) has its own Alpha & Beta throughout cycles of market


    And asset's Alpha & Beta can change drastically if asset's fundamental value changes not

    due to market's cycle.

    This is the difficult part of looking at a stock/company daily.

    Just take current SPH as example.

    How it's fundamental value changes quite fast through these years due to different market conditions and not market cycles.

    This to me is one of the reasons must "look" at the market or the stock/company daily even

    me no broker's material.

  3. The huge protein spike around T cells is what scientists are worried about.


Related Posts with Thumbnails