There is an adage that says: “Bull markets do not die of old age but ended by recessions”. As we sit today on 25 October 2018, following the US market’s plunge overnight, the local benchmark Straits Times Index (STI) broke below 3,000 points. Since peaking in April this year, the STI has been trending downwards on weakness. At the current level, STI just needs to shed another three percent to officially enter bear territory.
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