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How panic-y have you got ?
Comments
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Thrugelmir wrote: »Few companies have eternal life.
Too true. You only need one pratt of a new CEO, then it's toilet time!;)The more I live, the more I learn.
The more I learn, the more I grow.
The more I grow, the more I see.
The more I see, the more I know.
The more I know, the more I see,
How little I know.!!
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We should be panicking about selling when shares have risen.
Not when they have fallen“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »We should be panicking about selling when shares have risen.
Not when they have fallen
Never works like that though does it. The current 'panic' is about are we headed for a worse downturn than 2008 because of lower world growth and the banks inability to cut interest rates this time round. Of course they could do more QE but that might just start a real panic.0 -
Glen_Clark wrote: »We should be panicking about selling when shares have risen.
Not when they have fallen
Amongst the noise you need to be watching for company results.0 -
Never works like that though does it. The current 'panic' is about are we headed for a worse downturn than 2008 because of lower world growth and the banks inability to cut interest rates this time round. Of course they could do more QE but that might just start a real panic.
But that 'Growth' was only based on people borrowing on the rising paper value of their houses to buy imported goods. Supplying customers who have to keep borrowing more to pay you was never sustainable. Has that only just been realised?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
The only tangible asset of any real substance the insolvent banks have is their housing/mortgage pyramid scheme and a few high rise palaces dotted around the globe. The problem is no one knows what unfathomable liabilities are lurking because of the convoluted, opaque and unaudited way banks do "business"
It's little wonder the powers that be, in other words the banking cabal themselves, are bailing themselves out for the last seven years and counting, through their dishonest central banking brokers, at everyone else's expense.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
The only tangible asset of any real substance the insolvent banks have is their housing/mortgage pyramid scheme and a few high rise palaces
Don't count on the high rise palaces. Many company buildings have been sold and leased back to raise money to throw at directors bonuses and ill judged expansion when times were good. In the same way supermarket buildings were sold and leased back, now having to be paid for from shrinking revenues ....“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Who did they sell them too? Perhaps to some large institutions with cash who specialise in such investments - what are they called again?Left is never right but I always am.0
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A_Flock_Of_Sheep wrote: »With further heavy losses to come folk are stupid to be buying equities at this time.
Another buy signal from you.:)
S&P 500 just recorded biggest weekly gain of the year
My portfolio has gained about 10% since you posted that
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
A_Flock_Of_Sheep wrote: »With further heavy losses to come folk are stupid to be buying equities at this time.
When I bought my first investment properties in the early 90's, a lot of my work colleagues said that I was crazy, because there were 'further heavy losses to come' (just like you are now saying with equities). But their crystal balls weren't working correctly, are you sure of yours? A good test might be, has it already made you wealthy?
My horizon is probably at least 20 years away, are you really saying that at no point in the next 20 years equities will NOT rise above the point that you said they will fall from, as someone else pointed out, the S&P is already 10% higher (whoops!).
I've topped up by investing another £40k since the dip started.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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