It’s all doom and gloom at the moment. All of the indices are nosediving, which obviously means most of the stock therein is nosediving too. Oh woe is me.
The word on the street – Wall Street, that is – is that we’re entering a bear market (basically when stuff keeps going down for a long period). Some are saying we’re already there and have been since the beginning of the year. The horror.
It’s not just stocks and shares either. Commodities appear to be taking a hit too. Even black gold (oil) isn’t safe. Analysts are setting targets as low as $10 per barrel – less than the cost of an actual barrel! And don’t be fooled by that sharp uptick there, it’s still having a tough time because there is simply too much of it about (thanks, Iran). You only have to zoom out on the charts to see that the trend is still a downwards one. Sadface.
The good news for casual/app traders (I use Bux, by the way) is that you can go short too. In simple terms, that means you’re taking a bet against the stock. If its value decreases, you make profit. Right now, it looks like the bears are beating the bulls. Which side are you on?
Whether it’s stocks or commodities you’re into, it’s time to pull up your shorts. Just be careful not to get caught with your pants down.
Oh, and don’t just take my word for it. Do your own research. You can lose money.