I think the bloodbath was mostly Friday and today. Ratings agencies have taken the role of following instead of leading and our bonds were already considered junk.Any insights on what this means for the JSE?
Should I expect to see red throughout tomorrow![]()
DbxWD will be green tomorrow which is nice
Let's wait and see. I somehow doubt that. Tomorrow, when the markets open, I suspect a large number of outflows. Everything on the stockmarket will be affected, same as it happened in Brazil. Most foreign investment houses that invested billions in diverse portfolios on the JSE will sell everything off. Those that were worth their money would already have sold off last year. Those who slept will jump tomorrow to save what they still can, even if it means them suffering losses in the process.
Capitecs, Naspers, discovery, Richmond, shoprite, kap all the good companies.
Then DBXWD, gloprop
Any pointers as to which shares to look at buying? My current EE portfolio is a bit of a flop at moment.
Also looking to buy some long-term shares in the near future if the markers react in a big way tomorrow when they open...
That's not how the dbxWD works![]()
K@k in SA is what we dbxWD owners have been waiting for, for days.
It's only a DBX party while others join in the fun. If people keep selling it it might have a negative effect.That's not how the dbxWD works![]()
K@k in SA is what we dbxWD owners have been waiting for, for days.
Morning. So my question, DBXWD - When do you sell and take the profit ?
Morning. So my question, DBXWD - When do you sell and take the profit ?
We'll see todayWell, let's wait and see what happens tomorrow.
Personally I would not buy into any of these shares now.
If you can, sell off everything you have, while you can. Take what you can get, even if suffering losses.
In the initial phases, most foreign investors will now sell shares off. There are still huge losses to come, beginning tomorrow when the stock markets open.
At some point in time the share prices will level out and then for many years the JSE and all its shares will trade only sideways.
When this happens is the best time to get back into the market and start snapping up shares at great prices. But, this will be on condition that there is a possibility that we would get rid of the Zuma ANC and cabinet. That is the only way we are guaranteed of economic recovery.
When recovery starts, you will be a millionaire in a few years.
The other possibility is that we will not get rid of Zuma and the Guptas and we will be faced with a dictatorship. In this case, you should never return to the JSE. Zim is a great example of why not.
When the $ is at it strongest against the Rand...