RE: Looking like a strong close..IMHO25 Mar 2020 17:16
Shane Balkham, chief investment officer at Beaufort Investment, commented: "Unlike other pandemics such as swine flu, Covid-19 is the first to exist in the age of social media, where information and opinion is always readily available. This is a major contributor to the high volatility we are currently seeing in global markets.
"There is yet to be a market drop without a subsequent rally so, with equities currently at a major discount, it may be worth considering topping up these positions. Yesterday saw one of the most meteoric rises in markets in investing history. This isn't necessarily an indicator of things to come, but is notable as investors respond to firmer fiscal firepower from national governments."