All I’m thinking now is:
“We're taking it, we're taking it, we're taking it down We're taking it. Fireball.”
Don’t despair, eventually:
“We're bringing it, we're bringing it, we're bringing it back. Fireball.” That’s why I think you should always split your portfolio into three:
Long term and biggest chunk (66%-75%) of your funds. (PSG-online Account)
Weeks and months like this don’t matter, eventually it will be better and you just add whenever you think it’s over and forget about it, no margin to watch as a bonus. Don’t go there day to day, you’ll get depressed when its spiraling down.
Medium and short term CFD’s, smallest part of your portfolio (IG Markets)
More speculative and very risky but it keeps things interesting on a day to day basis and you’ll learn to appreciate days like these eventually. You win when you should lose, generating more funds to buy long term when it’s over and at a bargain price, win-win.
Align with the market rather than hoping to control it. Jump that fence, don’t be shy.
(On medium & short term only).
Anyway.
Dow ended -0.69%, Nas -2.34%, S&P -1.15%, futures @ 8:37 -0.33%, -0.46%, -0.56%.
Asia PacificI thought it was Columbus Day in US today not sure.
Nikkei on holiday
Hong Kong -0.6% (break)
Shanghai -1% (break)
ASX 200 -0.8%
Kospi -0.7%
Sensex -0.7%
Taiex -2.3%
Alsi ended -2.16% @ 47 092, T40 -2.33% @ 41 911.
Major down were AngoG -5.59%, Sibanye -4.91%, Implats -4.90%, DRD -4.48%, Mittal -4.43%, Northam -4.23%, Angloplat -4.18%, Netcare -4.09%.
New high Capitec @ 25899.
New lows Northam 3340, Richemont 8815, Exxaro 12000, Shorpr 13528, Grindrod 2092, PPC 2786.
F&G on 1, Extreme Fear, VIX 18.76 (hitting 21.40 last Friday)
CAC opened -1%, DAX -1%, FTSE -0.7%.
Trading most to negative this month ANG, RCH, SOL, NPN, BVT, SHF.
Trading most to positive this month APN.
T40 -197 41 766 -47% (9:18)
T40 -289 41 635 -0.72% (9:42)