Summary
- Swings are really big in the US market, 200billion lost in 15min
- Fundamental Analysis does not work in such a market condition
- However look out for US consumer stocks ( big names in terms of branding) as they are the 2nd cheapest in terms of valuation as compared to the financial sector. Almost an 80% drop in price, though their expected drop in EPS ( earnings per share) is expected to be only 20-25%
No comments:
Post a Comment