31 October 2018
Investors will remember that we have been nagging them about the coming correction. Now that it’s here, the big question is how bad will it be.
History is a good guide because, as Warren Buffett has pointed out, Mr Market keeps making the same mistakes, swinging from over-optimism to extreme pessimism and back again. The main driver of the US share market since the GFC has been the technology sector, headed by stocks such as Facebook, Apple, Amazon, Netflix, and Google (aka Alphabet)… [read more]