I also didn't expect it to be a sharp drop relatively quickly, I think it caught many people off guard but it kind of seems to reflect the general happenings of the economy, things are not looking so bright on many aspects. Now, what we can do is just wait it out and not make any impulsive decisions.
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At the moment, I don't think anyone can categorically point out to what's actually wrong with the market. I just think there's no predicting the market again, I just think everyone should hope for the best..