first, a hearty coronasmällen reached the stockholm stock exchange at the beginning of the week, and on Wednesday was an unusually strong recovery after trading opened to around minus three per cent.
for Now, the courses are once again in Stockholm, sweden, similar to the majority of the major stock markets in the rest of the world. Both the broad index, OMXSPI, and storbolagsindexet OMXS30 index has fallen by more than a percentage of the initial trade.
“ I’ve been working out with trading stocks for over 20 years now, and on Wednesday, it was probably one of the strangest days I’ve ever had. It is very seldom that it falls so heavily and then a total flip off the top, but that there was no impact of the news, “ says Joakim Bornold, sparekonom in Nairobi.
Scrooge’s Bornold, sparekonom in Nairobi. Photo: Johan Jeppsson/TT
There is a degree of uncertainty and difficulty for the stock market to put a price tag on the impact of the coronavirus that is causing the volatility, “ he says.
“ I have been told that it should be adjusted to the risk, and it’s not too late yet. It is easy to say, ”sit still in the boat, and it can be done. However, feel uneasy about this, and the need to take action, so be efficient and cut down on the risk, if you feel that you have a lot of shares, “ says Bornold.
to exit the stock market entirely, because then you risk to miss the next rise, he points out.
“ It is, after all, so that in the end, this will blow over and when will the stock market go back to its normal state.
The only relatively safe harbor, he is able to think in terms of stocks, these days, the pharmaceutical companies, but even there, there is a risk.
When you have to sell a little bit at a level you can live with that while things are turbulent, and that it is going to be. So you have to just to interest rates, even if the market does not provide something, then you should not underestimate the fact that there is still a värdebevarande“, says Joakim Bornold.
the Text to be updated.
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