It’s during scary economic times like these that I like to be very, very confident about the risk profile of every aspect of my investment portfolio.
The oil price has dropped almost 50% in the year, and there’s talk of it falling further to $50 per barrel. With tapering, and talk of tapering, stock exchanges across the world have tired of their mad upward spiral; involving some bumpy moves in Russia, China and Greece. The 12% drop in Greek equities after they announced a surprise presidential election was the worst drop in decades – far worse than what happened during the Global Financial Crisis. The Shanghai market fell over 5% when authorities tightened the collateral requirements for margined trading. (So all the punters were short and had to close?). Even here in the UK, TESCO fell a further 6.5% – the direction wasn’t a surprise, let’s face it. But let’s remember the turnover statistics and positioning of this corporate giant, and view a move of that size in context.
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