Disclaimer: This is not a trading post - it is a medium term investment post (5-10 years). I am not an economist. I am a part time investor. I am a natural scientist, so do not have my nose in the FinWeek and charts all the time. So please bear with me on this.
I'm reading a lot about the likely downgrade to junk. I would like some thoughts on how to deal with this, how to move, how to maximise. My investment portfolio is rather geared towards financials at the moment (I bought into the bottom of the fin crisis), and this worries me a touch. My current thought wavers almost daily between burying my head in the sand, selling all my financials and selling a %.
I read Skaap's comment that while SA might get a downgrade, that wont specifically apply to our companies...but still....if we get a downgrade the market gets a kick. I read Simon's blog - about having very little SA Inc exposure and selling into the bounces. I read Chris Hart's comment on the downgrade etc.....
But..But I can tell you lots about plants, but making head or tails of how a downgrade might affect us is difficult. This is why we have the forum, surely?
I am not asking what I should do....all I want is some considered opinion on what the market might do....lets face it, its probably a bleak picture, so I would rather plan for the worst, than take the risk that all is well.
Please, please forum, none of this "well if you are asking, you don't have a plan" sort of reply....