FX:SPX500 S&P 500 index of US listed shares
Monday 6 October was no Black Monday. After rising early, prices slipped gently back to show a slight drop overall. As astute investors pocketed profits after a long summer ascent, the bulls did not believe that the uptrend had ended and saw opportunity in the reduced prices. You and I have, however, sold our and even, some of us, taken short positions. We will see an investment opportunity when prices fall forty per cent, or level out at thirty.