Daddy.
the following happened on the day before the 1987 crash
i was a young guy with POA over a portfolio of industrial shares. the owners were overseas and couldn't be contacted.
i felt uneasy and sensed that the mood of the market had changed. i had no idea the market would crash. no one did.
i thought about it and over the lunch hour i sold every single share. the argument i used was that if nothing much happened, i could always buy them back the following week.
i think this market is very dangerous for anyone who is not hedged.
i really think tonight's market action will give everyone a lot to think about over the weekend.
whatever you do, make a decision, then be decisive and act on it.
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