while I cannot foresee a global recession next year, events in the last week indicated so. Emerging market and Asia x Japan indices have broken below my key support levels. So did Europe. It indicates that we could see a further 25-40% decline. I have reduced my equity exposure from 55% to 35% in the last few days and I will further reduce it to 20% within a week. I cannot afford to see my hard work of making 20% over1.5 years turn into a loss.
