Congress votes no to bailout: The mother of all market falls?
Just how big is this 8% plus plus fall rank since 1929? Big. We have our greatest one day fall since the Black Monday!
I hope everyone is prudent and controlled with their addition to their portfolio. The VIX index, which measures volatility have risen to 47. That surpassed many of the volatility spikes seen in the last few bear markets but essentially, this may not be the end all VIX spike everyone is looking for. It could get much worse.
Look for pricing inefficiencies here in Singapore. I’m sure we can find some due to the foreseable panic selling at SGX today.
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