My Portfolio took a right kicking last week and it ended up dropping 4.3% in the 5 days and this means that for 2018 overall I am now in a Loss situation with damage to the tune of 3.3%. It has been such a funny start to the year because I had a super strong first week but then did nothing much through the rest of January and then got whacked last week - not the sort of start I wanted !!
As usual I will look at some Index Charts later to try to get a feel for where we are likely to go next but before that I just want to re-iterate what I think I said last week about how I just don’t see this as being the start of a full-on proper Bear Market like many ‘talking heads’ on Bloomberg and the like are saying. Financial TV loves sensationalism (like all Media because it captures people’s attention and that means Subscription and Advertising Revenues) and wheeling out the Ultra-Bear and Ultra Bull at various Market Troughs and Peaks totally pumps up Viewers’/Readers’ emotions and feeds the Fear and Greed.