and so it goes on....Kinda scary....so before buying any new share, check and see what drop it has suffered from the year high.....anything less than 8% drop so far are due for the hit. Just a thought.
Not so much patient Ken as a believer in the 8-10 year cycle crashes....those with the big investment start sneaking out the door...slowly slowly....then all of a sudden the institutions and heavy duty mob start pulling up stakes too.....then the PI caught like a rabbit in the headlights watches and watches, waiting for the bounve that doesnt come....then the shorters and long players start doing their hatchet jobs......it doesnt change, hence I've been going on about the ftse retracing to the 6000s for the past year or so....bailed last September....came back in about June this year, had a few plays and then commonsense kicked in again.....cash until the storm passes then play again....no point in feeding strangers with my hard earned .....lol
that last comment got my Saturday started with a right laugh....just picturing the orange a tan plopped over a fallen tree and the gorilla with a wild eyed look and tongue hanging out about 2 feet....meanwhile orange e tan is screaming for all he's worth...Get me outta here....I'm a fooking celebrity
Used my spreadsheet to sort out imaginary buys in glen and mks at the same entry level spending the same amount in each.....mks won at the close.. MKS must be due a hit.....it hardly flinched during the turmoil
Currently all cash and loathe to invest....is it now a recovery or a false bounce to draw more cash into the system to pay out the fat cats who didnt get all their ill gotten gains out quick enough.....the university of life teaches a lot of lessons....staying in cash now until the New Year....( I hope) :)
Nope......I took the hit earlier today and looks like I got it right......hanging up the charts for a few months methinks to see where WORLD markets are going....said last year we could be looking at 6600 again......not far away now..day low of 6716.....scary stuff