What cause the collapse of the stock market?
What cause the stock market to collapse on 9 March 2020? a) The spread of corona virus in Europe and America? b) The collapse of the oil talk between Saudi Arabia and Russia? c) TKL's birthday? I believe that the biggest factor is - hedge funds. When the hedge fund sold the shares in large quantity, the rest of the traders...
Investors who gave finger to Wuhan virus doom mongers now crying
The S&P 500 was down by 3.6% by lunchtime today, its worst day since February 2018, and the tech-heavy Nasdaq lost 4%. Earlier other global stocks slide after Italy’s coronavirus lockdown. Iinvestors shift from equities and oil to bonds and gold Just last week, Wall Street bullish on corporate earnings despite virus....
Wuhan virus: Look on the bright side
So DBS, our biggest bank, has lowered its 2020 GDP growth forecast for Singapore by 28% from 1.4% previously to 0.9% because of a drop of 1m tourist arrivals for every three months Singapore’s travel ban on Chinese passport holders continues. (Related post: S$ tanks as GDP forecasts slashed) Wuhan virus: Why investors are...
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