Monday 9 March 2020

Panic selling 09 March 2020

Today is the STI's worst trading day since Oct 2008, where investors/traders rushed to sell everything. The catalyst? Oil rout and covid-19 fears! The STI is technically into bear market. It was literally a sea of red in the equity markets today.

It is in times like this, if you did your homework, you choose the right stocks and have the nerve to buy some, fortunes could be made when eventually the stocks turn around and turn north. If you want to do well, stay stoic and adhere to your investment principles and plan. So...what's on your watch-list (shopping list)?