The situation is going to be exacerbated by margin calls in the next few weeks and end of year selling. The froths gone IMO. Too much uncertainty locally with elections, geopolitically ( various) and economic. At the very least it is going to be very volatile for a while. Reverting to trading/scalping indices for a while so I am going to have a few night sessions I suspect !
Having said that, some of the US tech stocks smashed 80% to 90% but with cash assets are starting to look interesting for LT buys. It is mainstream industries time for a fall.
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