"Don't forget you are human. It's ok to have a meltdown. just don't unpack and live there. cry it out and then focus on where you are headed."
Quick Thought of The Week 'Global Stock Market: A Meltdown Tragedy' is featured by David Kuo for readers of Stock Advisor Singapore and Stock Advisor Gold. Singapore Stock Market News
So, a near 500-points drop in the Big Board must feel like a calamity. So, a near 500-points drop in the Dow must feel like a calamity, Or an opportunity to climb on a soapbox.
It all started in Italy when investors took fright at the political struggle between the Eurosceptic populists and the pro-European established politicians when the President of Italy stepped in to reject the populist choice for finance minister that things started to unravel. Political risk suddenly came to the fore.
Investors are running their slide rules over other bonds and jumping into safe-haven assets.
The main beneficiary is the US dollar that could have severe repercussions for other currencies. What’s more, some of our neighbors in South East Asia could have a hairy few days, as they try to defend their currencies.
It could also have consequences for their stock markets. Markets could sell off before bargain hunters step in to pick up cheap stocks. But remember this….…. It doesn’t take a long time for bargain hunters to find the bargains in the stock market anymore. And by the time they’re finished buying, the stocks aren’t bargains anymore.
No comments:
Post a Comment