Global sell off intensifies
The US, Germany, Korean, Japan stock markets are on decline. Losing by as much as double digit %
Everybody is spooked by the following events: Possible escalation of Iran Isreal conflict, high unemployment rate in US, delayed rate reduction by US Fed. And may be just may be to the presence of carry trade in Japan.
Nikkei fell 12% reminding us of the 2018 crash. Tech stocks: like Nvidia and Apple are mostly affected
Amazon lost double digit causing wealth of Jeff Bezos, one of top 5 richest men in the world to plummet big time
Pundits are wondering if Fed is interested in: fighting inflation or preventing recession. Well they raised rates to fight inflation
This is what doomsayers have been saying: Schiff, Kiyosaki, Buffet are saying long long time ago. And many did not pay heed. At times the stock market went into the bull territory.
This post being in the MSME territory would like to focus on micro market. But we can not deny that Macro market, like the stock market health can affect micro market. (Well the stock market reacts to economic fundamentals) and a plummeting stock market warns us to be prepared.
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