The past 3 weeks have been a very turbulence time for stocks. What should you do then?
Well, I am not sure what you will do, but I for sure am looking for investment opportunities, despite my portfolio being hit.
As Benjamin Graham says:
"The stock owner should not be too concerned with erratic fluctuations in stock prices, since in the short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine" (i.e. its true value will in the long run be reflected in its stock price).
It does look like the drop in stock market as a whole has stabilized (as long as Ebola will not spread out of control).
Showing posts with label stock. Show all posts
Showing posts with label stock. Show all posts
Saturday, October 25, 2014
Friday, August 8, 2014
What is the outlook of stock market?
Arising out of sanctions by US and European Union against Russia and the hit-back by Russia against their imports, stock prices in many countries have seen a large drop. What is the outlook of the stock market?
My view:
US stock market, using S&P500 as a guide, is expected to go beyond 2000 points by end of 2014.
However, European countries are likely to be much more affected by the tit-for-tat sanctions and perform poorer (i.e. unless ECB starts their version of Quantitative Easing (QE)!)
My view:
US stock market, using S&P500 as a guide, is expected to go beyond 2000 points by end of 2014.
However, European countries are likely to be much more affected by the tit-for-tat sanctions and perform poorer (i.e. unless ECB starts their version of Quantitative Easing (QE)!)