What to do following the Brexit vote
It is only sensible to say "Don't see this as a buying opportunity". Shock drops tend to start trends not end them and rather than bounce on a sixpence the next day the more usual trend is an extension of the shock drop. What we are going to do in the SMA and our portfolios is break it down into individual stocks. Is their 'story/theme' affected by this development? How does the trend look? Do we need to react? Luckily we have significant cash so this may well provide in time a buying opportunity but not today. And we are not selling anything today either. Nothing in a rush. The market is in an emotional hole at the moment and the combined forces of the Central Banks are likely to make statements or act in the short term, all actions designed to pacify the fear...and we are almost certainly going to hear some comments from British politicians designed to dispel uncertainty and make us all feel foolish for being so reactionary. (VIEW LINK)
1 topic