The diagram illustrates the performance of the Straits Times Index over the past 5 years. The spectacular dive over the past 5 months takes us back to the levels last seen about 5 years ago.The same things are happening to just about every stock market in the world. So much for diversification, LOL.
At some point in time, equities must become cheap enough to constitute a very good buy. As usual, the million-dollar question is - when?
Methinks, not any time so soon. I'm going to sit on my cash and come out to look around again - next year.