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Update to stock markets

Update to stock markets 12th March @ 10am

The US travel ban has sparked panic and share prices in Europe and the Far East have fallen again. The US stock market will almost certainly open down again today as well.

Oil prices have also fallen and we cannot be certain which way the market will move tomorrow.

This reaction is in the extreme and is evidence of a high level of hysteria which is precisely why we should not panic as, once the pandemic is managed, common sense will prevail and share prices will rise.

As you will have noticed we have sent three updates this week and are paying very close attention to your investments.