Market over-reactions
The markets have reacted very swiftly following the EU vote and the headline writers have followed suit with dire warnings of investment and currency meltdowns – whilst we do not know exactly what the future will hold, the reality is that the FTSE 100 index has ‘plunged’ to levels not seen since…… well actually the middle of June, and before that the market was 500 points lower at times in January and February 2016. Sterling is a little more volatile and has definitely been hit hard against the US dollar, although not so much against the Euro and is at an average level for 2016 as I write. So whilst we are undoubtedly in for a bumpy ride, you should perhaps not take the dramatic headlines at face value and read them in a wider context.
Investec have issued the best succinct and reassuring press release that I have read so far, which I attach for your information and there are many other commentaries available online.
So don’t panic, keep your head, take deep breaths and keep a look out for investment opportunities.
Recent Posts
-
19 June 2023
-
12 April 2022
-
25 February 2022
-
17 January 2022
-
4 November 2021
Archives
- June 2023
- April 2022
- February 2022
- January 2022
- November 2021
- September 2021
- February 2021
- August 2020
- June 2020
- January 2020
- August 2019
- July 2019
- June 2019
- November 2018
- September 2018
- July 2018
- June 2018
- April 2018
- August 2017
- May 2017
- April 2017
- February 2017
- July 2016
- June 2016
- May 2016
- March 2016
- November 2015
- September 2015
- May 2015
- January 2015
- November 2014