The market crashed in Singapore today. More and more panic selling emerged and more sellers were dumping shares at panic than looking to buy now. The bear market is finally here as the Coronavirus wiped out billions of $$ in the financial market. The STI suffered more sellers and the Dow Jones just continued to sell than buy. At one point, the Dow Jones crashed -1200 points as Trump announced some restrictions between the US and Europe earlier at 9am. Most bank stocks also tanked down as shown in the Top 30 Volume while nothing was sparred. We need to be brave and embrace for the worst crisis since the 2008 financial crisis. I am not sure what more impact is the Coronavirus going to bring to the world but I know the world as of now looks bleak and ending.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
