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Stocks taking a beating for Ukraine

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Stocks taking a beating for Ukraine Empty Stocks taking a beating for Ukraine

Post by truthbetold Mon Mar 03, 2014 5:29 am

http://www.thehindu.com/business/markets/ukraine-crisis-sends-shares-tumbling-pushes-oil-and-gold-higher/article5746305.ece?homepage=true

Stock markets across the world lost about 1.5% .  This is expected over the weekend. Is this likely to turn into a 10% correction in US market that lot of experts talking about? or is this an opportunity to pick up some stocks on the dip? (I really would not buy anything at this time).

gold could rise for few days. 

Crisis will take a long time to resolve. But markets will decide the direction in coming few days. 

Like to hear your opinion. 

Harharmahadev is invited to share his expertise.

truthbetold

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Join date : 2011-06-07

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Stocks taking a beating for Ukraine Empty Re: Stocks taking a beating for Ukraine

Post by b_A Mon Mar 03, 2014 12:34 pm

Not a big deal. Markets were overbought after the recent V-shaped recovery.
This gives them a chance to work on that overbought condition. and No , it won't turn into a 10% correction short of full scale nuclear war.
The time to buy the dip was 3,4 weeks ago.

b_A

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