Brokers' take

Equities Strategy

DBS Bank, Sept 29

TRADE both sides or have a strong stomach and a long time frame. The market will not be kind to passive investors over the coming months.

There will be large losses. There will be surprising rebounds. But the bias will be on the downside.

Long-term investors should have hedged - and at least should hedge urgently now - their portfolios with put options. The nimble shou…