15 Aug '11, 6am

S’poreans feeling blue over stock market turmoil | SingaporeScene - Yahoo! via @yahoosg

S’poreans feeling blue over stock market turmoil | SingaporeScene - Yahoo! via @yahoosg

An elderly investor monitors share prices at a bank in Singapore. (AFP) One investor closed his stock market account and swore never to return, while another detailed his portfolio — now covered in red — asking fellow-traders for advice on what to do. Even as the answers began to come in over the day, the shares had dropped further, deepening his losses. Like previous meltdowns, this one has its fair share of victims, who are wondering what went wrong, what caused the worst stock tumble in three years. Between 1 and 10 Aug, some S$105 billion was wiped off the Singapore stock market. Whenever something like this happens, there is pain and despair, at least a few bankruptcies and plenty of soul searching. I was told by a friend that the pastor in his small suburban church prayed on Sunday for divine help for congregation members to survive the turmoil. One blogger said he h...

Full article: http://sg.news.yahoo.com/blogs/singaporescene/poreans-fee...

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