Australian Investment Blog

Is it time to prepare? - My favourite 6 stocks to purchase if we pullback from here

Markets around the world plunged last night as news hit the wires over the shooting down of a Malaysian Airline Passenger Plane near the Ukraine – Russian border. From a market perspective, the price action was interesting as the S&P was already down ~0.6% on the news of imposed sanctions by the US on Russia. I have been looking for an 8-10% pullback for a while and last night may have been the catalyst for the move, but it’s a hollow feeling today of correctly calling the market lower.

Last night’s tragedy is a reminder to us all to "smell the roses, life is precious." Our thoughts and prayers are with the families who lost loved ones last night.