If you think the answer is a staircase, you're very clever.However with this riddle, I was referring to the stock market.
To think that on the 24th April, the JSE was making all-time highs! And in the last 30 days, we had 12 down days in a row!
Last time this happened was pretty much when I was in diapers in 1988.
In less than two months, the JSE has gone from 55,355 down to 51,990. That's 3,365 points gone, taking the ALSI back to February’s levels.
So to go back to the riddle, what goes up, down and doesn’t move?
The answer is: The JSE! Because for the last five months it’s back to where it started.
But now you should turn the bad news into profitable news. And to do this, we need to look at all of the current aspects.
Things are looking abysmal at the moment with the markets and I’m sure you, as a South African consumer, can relate 100%.
So to go back to the riddle, what goes up, down and doesn’t move?
The answer is: The JSE! Because for the last five months it’s back to where it started.
But now you should turn the bad news into profitable news. And to do this, we need to look at all of the current aspects.
Things are looking abysmal at the moment with the markets and I’m sure you, as a South African consumer, can relate 100%.
The government is still keeping the e-toll system in operation, making it compulsory the next time you renew your driver’s licence. But I guess the tiny glimmer of relief is the fact that the monthly cap on the E-tolls reduced and set to R225 per month.
Last week we had the new fuel price increase kick in on all grades. So now you can expect to pay 47c extra a litre in Gauteng.
The rand is hovering in the R12.28 level again, and looks like the weakening has just begun again. And so has the bond market. South African government bonds have weakened with the rand so ‘great news’ all around.
And while the market is coming down, I’ve had questions all around the world asking what they can do as a South African trader.
Last week we had the new fuel price increase kick in on all grades. So now you can expect to pay 47c extra a litre in Gauteng.
The rand is hovering in the R12.28 level again, and looks like the weakening has just begun again. And so has the bond market. South African government bonds have weakened with the rand so ‘great news’ all around.
And while the market is coming down, I’ve had questions all around the world asking what they can do as a South African trader.
If you have any trading questions of your own that will help you achieve even greater trading success, register and log onto the investorsclub.co.za… It’s free and ready for you right now!
And always remember, "Wisdom yields Wealth".
Timon Rossolimos
Managing Editor: Trading Tips
Do you have a question of your own? Ask me on the InvestorsClub.co.za and you could be featured in the nextTrading Tips mail bag.
And always remember, "Wisdom yields Wealth".Timon Rossolimos
Managing Editor: Trading Tips
Do you have a question of your own? Ask me on the InvestorsClub.co.za and you could be featured in the nextTrading Tips mail bag.
Ps if you missed this week's Trading Tips TV video for the week,click on the video to watch below!
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