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Dow Jones Industrial Average (DJIA) was losing 800 points went below 10000 points today but closed well off its worst level. In fact we could lost today 2 digits in indexes values. S&P 500 (SPX) was close to point to cross below 1000 which is on the support line formed already in 1995. On this line S&P 500 index had bottomed on 2002 during last bear market low. Volatility index VIX reached new high above 58 and closing.
During a day I was scanning some value plays to my portfolio listed in EUR. I will be opening long position in Dow Jones STOXX® 600 Health Care which is more diversified than Dow Jones EURO STOXX® Health Care. The biggest component in DJ STOXX 600 is my favorite Novartis (NVS) with 25%, followed by GlaxoSmithKline (GSK) 20% and Roche 18%. Altogether index includes 33 components. DJ EURO STOXX has more than half kept in Sanofi-Aventis (SNY) and I am not going bet on one stock.
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