Stock Market Index Fell 50% from Peakat Salary.sg – Your Salary in Singapore |
The Straits Times Index peaked at 3,875.77 on 11 October 2007, exactly 364 days ago.
Today, in the wake of an official technical recession, the STI index plunged to its new multi-year low, closing at 1,948.33.
This is 50% from the peak.
Will it go lower before it starts to creep up again? No one knows…
3 Responses to “Stock Market Index Fell 50% from Peak” |
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sgdividends Says:
October 10th, 2008 at 11:37 pm
Of course it will go lower. Why? Cos my shares which are custodised with a brokerage house is still being borrowed. I believe that as long as my shares are not returned to me, covered short sellers will be shorting the market and there is still some downside risk.
Check out http://www.sgdividends.blogspot.com where i will be posting my stocks lend to these shortees. when i can find a scanner!
not bad oledi Says:
November 18th, 2008 at 3:04 pm
dun think the support is 1700 as many claimed. think there’s more downside and that the market has not tanked. just my pessimistic thoughts.
Exploit the Recession | Salary.sg - Your Salary in Singapore Says:
February 16th, 2009 at 12:07 am
[...] stock market is now hovering at a level that is lower than 50% from its peak. Consider buying blue chip shares. All of them have fallen drastically in value though many of [...]