How's it going? Looks to me that markets are currently a falling knife. One is very brave to jump in now.
Best to watch from the sidelines I say and wait for capitulation. Is this capitulation? Me thinks not yet.
It's hard to stop computers selling but at some stage it will stop. We just don't know when.
S&P gave a political downgrade not a financial downgrade so I do believe there is a relief rally coming but unfortunately nobody knows when it's coming.
All stocks look like being smashed again. bank stocks probably hit hardest. Bank of America in the US is down 15%.
