Defensive bourse: The FBM KLCI, along with the rest of the global markets, was not spared. For the week, the local index was down 2.7 at 1,819 points, but was still up 1.28 on a year-to-date basis. — AP
IT is easy to panic and believe that a bear is lurking around the corner, judging by the sensational headlines and huge downward spiral of the Dow Jones and global markets.
After nine years of expansion following the 2008 recession, investors finally realised that the long smooth ride is over. This week’s volatility can drive even the most sensible of investors to make bad short-term decisions.
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