Club Mulgoa

Wednesday, November 09, 2016

Panic attack

No, not me but the stock markets around the world.

Having a dangerous president is different from having politicians running the House of Congress and the Senate.  Suddenly, the markets realize that Trump cannot destroy the system single-handedly.  A lot of damage will be inflicted but the world goes on.  In fact, China may take up the leadership when the USA chooses to bury its head in the sand.

Consequently, yesterday, I become extra share owner in WBC, FLN and FBR because of the share price plunge.  But it looks like recovery today.  Only Mexico fared badly.

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