RE: Pow25 Jun 2022 16:37
Bumble agree with much of what you say but an interesting point is what sector beckons the small investor or come to that the big iinvestor? I suppose takeover opportunities for companies stuffed with cash (a declining breed). Steady earners but even they are not immune from the chill global winds blowing across the market. There is nothing that is likely to thrive in today's market other than candy floss pie in the sky spin merchants. Technology, forget it, Pharma, only if there's another earner like Covid, Transport forget it - just doesn't matter which sector you look at there are no industries or services that spring to mind that will be immune to this paralysis. I just believe gold, rare useful minerals and oil are about the only ones that would tick the boxes and remotely offer anything other than a short term gain when the sentiment comes right. Cash flow is of course the big question mark. I don't have any answers only questions and just keep plugging along with my investments in the afore mentioned. Takeover situations have gone out of fashion for the time being as well although they shouldn't given the low share prices. Interestingly when there is a boom in metal prices it should be the explorers (and finders of course) that stand to get the most out of it in that they have an appreciating asset in the ground. Global inflation should see to that always assuming the demand is still there. A real conundrum to try and figure out the winners. POW is as good or better than most I feel always assuming they don't run out of investment cash.