After a sell signal last week, it has already gone down 6.7%, and as far I can see there is no reason at all to be investing in PSI yet.
EDP-Renováveis which is the third biggest company in terms of renewable energies in the world, is not attractive at all at this moment and I can't understand how so many portuguese investors love to buy a falling knife...
I don't know when will this correction on PSI-20 will end, hey, it may well be the new leg of a bear market.
And just for curiosity, if past holds any truth, PSI-20 index, since its' creation has been an excellent prognosticator of what is to come to the world indexes. Usually the portuguese index breaks first than the more renown indexes such as S&P 500, etc.
But this time... this time may be different...
