so glad i doubled my position in DSY despite selling everything pure SA inc last week.. interesting to see how things play out this week with rates take off
@Fanus I suppose your right, but macro economics work differently, unless your holdings made you +25% this year, you're actually going backwards in dollar terms, our bond yields increased by 25% since Nene got removed. you're right in saying people will still rent, buy and spend, but it'll cost everyone that much more, expect SARB to increase interest rates by 50-100bps come january if this debacle isn't controlled.
Will it ever see a huge correction? maybe... but with China transitioning to a more consumer based economy.. tencent should still have quite a bit of wind under its wings, unless someone specifically shoots it down.
if naspers takes a huge dive.. then the stxind will dive proportionally... just look at SAB last month when it gained ~20% in a session, stxind gained over 4%... the reverse could also happen....