Excitement would be the best word to describe the last few days. Each morning, I wake up to see a sea of red on my Bloomberg app.
No, I am not losing my mind if thats what some of you are wondering.
Why?
Fears of a worldwide economic slowdown based on disappointing manufacturing surveys from China, Germany, UK and US have been driving market sentiments down. Adding to these troubles are geopolitical worries – consequences from the protests in Hong Kong, the air strikes on Isis and the news of a diagnosed Ebola case in the US. When everyone was thinking that Greece was on the mend, we see bond yields crossing an important line, nearing 9% when it was just approximately 6.6% a week ago. Essentially, investors are just dumping shares and other risky assets, clamouring into safe havens like gold and government bonds.
Emotions:
Allow me to start ......