ST Index fell 5.6%

Every thing seem so bad lately, and the one day slump on the Singapore market is really a shock to a lot of investors. It was not a surprise to me though, I am still expecting it to fall below 1800 before this November.

Straits Times Index on 6th of October 2008 closed at 2168.32, fell by 128.8. Europe has become the new flashpoint, the investors are worried over the list of ailing European banks that national governments had to prop up.

Nobody knows what will come next. So it is better to be like me, stay away from the market and keep as much cash as possible to yourself.