Two hours before market opens, futures are pointing to lower indexes again, putting yesterday’s mild rise a mere break from the declines that have ruled the markets for the two days prior (Monday and Friday last week).
Half-way to the trading session in Europe, markets are also facing a sell-off following similar actions that took place in Asia.
Here’s how three markets in Asia performed today:
The biggest dropper here is the Shanghai Composite Index, dropping 5% bringing its total plunge for the last two weeks at 20%.
The market adage “Sell in may and go away” seems to be a few months late. Having said that, persistent declines such as this is giving investors a lot of opportunity to get their feet wet and put some money back into the market. Monday, today or anytime this week might not necessarily be the best time to buy, but these dips sure look attractive.