Clearly, the volatility I predicted has arrived somewhat dramatically in global and local equity markets. Everything happens very fast nowadays and I need to react to developments at pace as prices move so quickly.
In periods like this, it is best to go back to what you know best. What you feel most certain about. No doubt this volatility may persist, so I want to be rock solid in the stocks I own in portfolios.
I must stress to you the trick from here is NOT TO GET MORE BEARISH AS PRICES FALL/VOLATILITY SPIKES. It is just a long-overdue correction, not a crash.