However, the JSE All - share index, the broadest measure of stock market performance, is down roughly 7 percent from a peak notched up in January due to
weak global sentiment and profit taking.
«When
sentiment is this
weak, the market is increasingly «fire, ready, aim» — meaning, any headline today is likely to trigger selling,» wrote Thomas Lee, Fundstrat
Global Advisors managing partner, in a note early Thursday.