PARIS: Equity markets dropped sharply in Asia and Europe on Friday, as investors fretted about the global economic outlook and positioned themselves for a test of the lows for the year on many indexes....[full story]
This may not be the worst of news. In the stock cycle, September is usually the worst month in returns with October recording the worst one day drops. So we are right on schedule.
But late October to Christmas or mid January is usually great growth. But for there to be a great upside, there needs to be a good drop in September. So in conjunction with your stock advisor, you need to decide whether to move all to cash and wait to buy until the uptick or sell options to cover your present position.
So happy trading...and do not depend on my stock advice.
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