Friday night the US stock market saw a major correction. So on Monday I am not expecting a major rise in the XAO or probably any Asian market except China, which continues it run.
I still believe this is a correction and not a crash, yet. This should be a great time for bargain hunters. The question now arises, should I look for some good bargains like BHP, CTX and OXR ? The risk is that there might be further drop in their stock price. I guess the prudent thing to do at this stage would be to poised and be ready at the sidelines and when the market stabilises, then I can pounce on any good deal that presents itself.
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