Rational thoughts in irrational times

It has been another tumultuous week of battering in the capital markets.
The Japan Nikkei index kamikazed about 10% each day in two consecutive trading sessions. The Dow Jones roller-coastered last Friday, first plunging 7% then rebounding to a gain of 2% before closing the week at a 1.5% loss. Closer to home, the Straits Times Index [...]