As we move for a year from 3549 to 2845 in the STI Index, for a 19.8% fall, one friend provide me with this interesting tidbit:
In the last 27 years, the STI has been negative for the year only 9 times.
Sharpest decline was 2008 at -49.4%, next sharpest was 1997 at -31%.
Altogether just 4 years with declines greater than -20%. If this year is included, would make it 10 out of 28 years – around 36%
I will be interested to know how those other 9 draw down looks like! Wonder how do we get the data for this?
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