Sharp Market Falls Today (USA follows UK & Europe Down!)
With the 6-7% fall evident in the markets this morning, following the double whammy of the CoronaVirus and the possibility of an Oil Price War, you can be excused for feeling a bit like the proverbial “rabbit in the headlights”, as you freeze and then panic!
This feeling could be amplified, as Wall Street has indeed followed with a big drop (over 7%), after it opened a few minutes ago. Fear could well be amplified further, if the Americans decide to cease trading on the markets (as they did after 9/11 and more distantly back in The Great Crash 1929).
So what does all of this mean and what should we, as DIY-Investors, do?
Well, firstly… Breathe! Take time to get to grips with the reality of the situation and don’t panic, as I’ve said on more than one occasion recently.
I’ll be adding more to the DIY-Investors.com website later today but in the meantime, the inner circle members might like to take a look at the webinar recordings from last Wednesday… especially Part 2 (lessons from History).
Also, if you didn’t see the post last week, take a look at ‘Ominous Signs’ Here!
If you’d like to join our community of like-minded DIY-Investors and benefit from the accumulated knowledge of those who are actively managing their own stock market investments… join us HERE! to benefit from a 25% discount on the monthly cost of Inner Circle membership (£360 for 12 month subscription, compared to £480 if paid monthly).
As ever, please do your own research (DYOR) and make up your own minds accordingly.
If you have any comments or observations, regarding the above, then please use the contact us form Here.
Mick (14.10GMT, Monday 9th March 2020)