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It was a Black Friday of the whole world market sell off due to Brexit. I received many questions from my friends, my students and my readers on what to do next. I list down some of the common questions here and list down my humble opinions. Common Questions: Will the Stock Market Crash? Should I sell my stocks? Should I buy Sterling Pound now? Where are the investing opportunities for this Brexit? Frankly speaking, I do not have the answers as I...
Dear readers, Are you burnt in the aftermath of THE BREXIT? #brexit What should you do now? To cut loss, hold or buy more? Before you make the decision, it is good to consider the various markets and how they are likely to fare in the next two weeks. S&P500 Index Just to recap what I have mentioned on 10 Jun 2016 (see HERE), I wrote “Given the low ADX, S&P500 may trade between 2,034 – 2,106 (barring Brexit on 23 Jun 2016).” –> Although Brexit happens, S&P500 reached an intraday low of 2,033 on last Fri, just...
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