starting a small portfolio - thoughts?, page-29

Red I agree with you on some points. A bull market does give a false sense of ability. That stock prices are largely psychological is probably reasonable for specs. I dont think deflation is inevitable, or at least not everything is deflating. In a lot of commodities shortages are developing that will improve the value of miners. I dont think it reasonable that the future for all explorers and miners on the ASX is bad. Biotechnology companies will benefit from the health sectors need to improve there service and reduce costs. Other sectors have there unique drivers. The economic state is the worst its been but hopefully they will keep things going with out a catastrophe. If there is a crash it will effect all investments not just shares, money in the bank may not be safe either. At least if you pick a low cost miner or oil company with reserves you have something of tangible value that produces something people need. The market is a risk life is a risk. I got to go.