There is no end in sight. Only this time, it's not just China. After a week of bloodletting due to China, people are now worried about the U.S (finally).
So concerned that stock in Singapore, Malaysia and the Philippines lost more than 4 percent today. Singapore (-4.04%), Malaysian (-4.63%), Philippines (-4.54%); boy are the Thais glad it's a holiday there today. Everyone from MAS officers to fund mangers are now screaming how this is NOT a bear market, merely a correction. Don't be too sure man!
No one in their right mind will take a risk and enter the market at this time and you have to admit, the news out of the U.S are not good (haven't been since late last year). Afterall, Singapore has fallen 8.3 percent since the global sell-off began on Tuesday. That is just in ONE week. If that is a correction, it still a bloody big one!
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