Global stock markets take a tumble
February 28th, 2007 by Remon
You may have noticed the stock market taking a dive today. The US, European, Asian and Australian markets all went down.
My mutual funds’ trade prices are calculated each day at 10.00 AM. With fear for todays prices I logged in to my bank account to see what my funds were trading at today. Not bad at all! I “only” took a hit of 4.2%, while it is much I expected it to be much more because of my aggresive trading tactics (a large part of my portfolio is upcoming countries and other high risk funds).
The market went up a few point after 10.00 AM, so I guess tomorrow most of my mutual funds will rise a bit. The dutch market is currently waiting for USA’s economic growth numbers, I hope they’re good. If they’re not good I see some of my funds diving a bit deeper. 27% of my money is currently invested in the USA.
I wonder how many daytraders went into huge debts today?
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