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Old 10-10-2008, 05:25 PM
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Default Stock Market Index Fell 50% from Peak
The Straits Times Index peaked at 3,875.77 on 11 October 2007, exactly 364 days ago.

Today, in the wake of an official technical recession, the STI index plunged to its new multi-year low, closing at 1,948.33.

This is 50% from the peak.

Will it go lower before it starts to creep up again? No one knows...

http://www.salary.sg/2008/stock-mark...-50-from-peak/

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