There's nuggets of good advice here that are sometimes lost for the trees. It's important to remember (as previously mentioned) we all have different goals here.
For those day trading...good luck! It's viscous out there. Anyone shorting stocks is nuts!
As booyaka mentions, if you're INVESTING then remember this is long term. Re-analyse your companies, are their books still strong, what impact could the current situation have on them (I think it's fair to say air travel is up the creek for a long time).
Keep reading the news as things change constantly, it's only after weeks and months of watching news and the graphs will you get a feeling for what might happen. If you just read some headlines and rely on (non-financial) forums for trade advice, then you're probably going to get things wrong.
My long term plan is to look for companies that have been trading well and have the expectation of steady continued growth. I think Tesco (with recent restructuring and downsizing of foreign ventures) should be trading well in the next 2-5 years. After that I'd re-asses and perhaps sell off for investment elsewhere.
Overall I think the markets will recover pretty well and for that I'll be investing in some ETF's, again in a couple of years re-assess and perhaps re-purpose the capital into more targeted ventures. I fancy some AMD as well and this recent crash has provided some nice discounts (this is more an emotional decision because I like where they're going at the moment with regards to technology).
For those day trading...good luck! It's viscous out there. Anyone shorting stocks is nuts!
As booyaka mentions, if you're INVESTING then remember this is long term. Re-analyse your companies, are their books still strong, what impact could the current situation have on them (I think it's fair to say air travel is up the creek for a long time).
Keep reading the news as things change constantly, it's only after weeks and months of watching news and the graphs will you get a feeling for what might happen. If you just read some headlines and rely on (non-financial) forums for trade advice, then you're probably going to get things wrong.
My long term plan is to look for companies that have been trading well and have the expectation of steady continued growth. I think Tesco (with recent restructuring and downsizing of foreign ventures) should be trading well in the next 2-5 years. After that I'd re-asses and perhaps sell off for investment elsewhere.
Overall I think the markets will recover pretty well and for that I'll be investing in some ETF's, again in a couple of years re-assess and perhaps re-purpose the capital into more targeted ventures. I fancy some AMD as well and this recent crash has provided some nice discounts (this is more an emotional decision because I like where they're going at the moment with regards to technology).