RE: wow11 Aug 2017 11:33
The reason you never thought is all in the mindset of investors.
Investors forget the saying
"to be greedy when people are fearful, and be fearful when people are buying."
In essence, you should buy loads when markets are down for a good reason, and sell when people start buying hordes.
Simple...Iv been on that ethic for 16yrs..
There is something called the 'VIX'! You should have a look at the graph over the last week, month, 5years& 10years, and co-relate it to the FTSE etc.
The VIX is really a gauge of fear / volatility tool. Over the last 24hrs the gauge has shot up 52%, not seen since 2009!
We were sitting at 9.6% last week now today up at 17.1% at present.
So 1470p in my opinion is not the bottom. Could see below 1400p easily. But remember, to top up on dips not sell