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18/04/15
12:12
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Originally posted by Freehold
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Well yes been through some major corrections little bit of Asian Crisis, Russian Debt crisis, The tech wreck , World trade attack, the Flash crash, , and of course the GFC...Post GFC European sov debt crisis, Greek Crissis etc A bit of a student of the 1987 & 1929 Crash also ... All Different ... Most infact almost all don't see it coming ...
Certainly with the GFC I knew we were very high valuation wise but did not anticipate the chain of events that would unfold until it was too late ... You see many start off like normal correction (ie Small 10-15%) of which there are many in a bull run, perhaps between 5 - 15 of these and you start off thinking its just another mini correction to ride out and then they build in intensity suddenly the markets are dropping by 3%-8% in a day! several days /weeks in a row... and by the time most realise the XXXX is about to hit the fan ... its too late you've already lost 20-30% of your position and deeply in the red. You either take the loss of go for the longest bumpy ride.
Are we in one now ?... Well The US market has essentially gone side ways for 12 months... So no Massive spike & collapse expected there... The Eurozone is rallying and under signif monetary stimulus so Unlikely to occur there also for the time being... China .. I don't know ...I'm not a expecting a catastrophic collapse this year... but Sure a 10-15% correction could /will happen...My "gut feel" on info I know about right now is we may be due for a normal correction ... only ....
But all it takes is some nutter to blow something up or start a war ... you know the rest. All is IMHO Only DYOR
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War? The USA are hungry for it and are setting up ww3. They've convinced themselves nuclear war against Russia is winnable as long as they can manage a first strike. They're completely mad ofcourse so my money is on Russia. They are not the bad guys as your media would have you think and they will do their utmost to protect themselves against the north Atlantic terrorist organization pushing up against their borders. When it comes to push and shove, as I said, my money is on Russia. They are the future as they kiss no one's a***