Hang Seng Index already plunged more than 24%
Singapore market also plunged by 20%
Can't imagine what will happen when S & P 500 and Dow Jones Industrial enter bear market.
Will these markets get even more depressed with another 20% down? Very likely.
What about KLCI which just entered in a correction territory despite of so much bad news such as 1MDB scandal created so much uncertainty and rapid Ringgit depreciation?
My view is worse is yet to come. I won't go posting a bear case everyday like what I did in 2007/2008 cycle. I will let the gravity rules - the markets will fall on its weight.
Just forget about the noise of 1MDB or Federal Reserves that keep everyone guessing on the timing of a rate hike.
