RE: Reality Check16 May 2021 08:05
The very fact that we are having this debate and offering different opinions, to me reflects the uncertainty that goes on in the markets. I totally agree that things are better, getting better and will be better. However, I like to assess as information comes out. Things are still uncertain and if you guys think that is negative, then you clearly only see one side. And whilst this variant issue becomes fear etc, the markets could react to that. Just in the same way as inflation fears have temporarily hurt markets, so can this. My rebuttal against some of you, is your continuous remarks about where the sp should be or that it will be this or that by a certain date. I used to partially think like that, but now I decided to just see how things play out. If the sp takes longer to rise or starts to fall, most of you would moan or be shocked. However, you wouldn't own up to the fact that things are negative. This is despite some of you expressing dissent for Boris. If the sp rises this week, which so many here have predicted, I'll be happy, but if it doesn't then I won't be surprised. And the same goes for 1, 3, 6 months, unless the interim data and outlook is more positive - which it may be. Who knows? Clearly some of you have referenced media scaremongering etc. Where do you think I've got the info from? It's out there, hence this debate. I personally feel frustrated by it and have seen how markets react and especially cine.
At least I know that my position remains the same. Can't top up, not selling, one year of holding but with no expectations on when we'll get the big consistent rise. So happy to be called negative or whatever, but there's no agenda or pointless price predictions anymore (I'm sure I've done it in the past), no shorting, trading. It's an opinion with a clear contrasting view point to most of you. So of course I look like the Debbie Downer. It's all good though. If the sp rises, we all win.
Fyi, cases of the Indian variant have gone up. It was shown on the broadcast. That's what I was referring to. Don't need to site my sources to justify a statement. Anyone can find it.