I agree SuperOx, and Hi to All,
You would be silly or damn out of this financial world if you ignore the barometers of economic demographies, country financial healths like EU countries (Greece, Portugal, Spain, Italy, etc.) and the Big Brother US.
You can predict that roughly ( and I believe, accurately myself ) IF you look at the Charts since the late 1920s to date. The GFC-2008 is actually less harsh and less significant (Chart-wise) than the one that happened in the 1930s. The 1930s had second wave hit before recovery started to be sustainable.
And mind you, the volume of money now that is out there revolving around the Global Market is significantly (if not exponentially) higher than in the 1930s, due to these printing monies to bail out companies, and now bailing out countries, who experience screwed up Balance Sheets.
There is a second wave of global market downturn still to come, and this is being delayed or artificially being rectified by these inputs of financial backing from one richer economies to the poorer countries. This second wave is expected by highly experienced market economists to be harsher than the 2008 one.
So IF you are in the market for the long-term and you are playing some or most of your work-life savings, I would suggest that you try to reconsider your strategies and investments (at least for the meantime). Unless if you can afford to play and lose half (or even more) of your Capital while inside the market.
It's okay for me to get in the market but not to stay there for long, as the market is as stable as the eartquakes shaking up Japan atm.
In the case of my SDL holdings, I had taken out my initial Capital already, so my worst-case scenario is to break-even (without taking into account the value of money per time).
So fellow shareholders, I am sure most of you have your investment strategies within your grips, and please stick to it. Be prepared to take action or accept the decision that is painful, if necessary.
Please look at indicators, and news, usually common-sense would tell you. If it's sustainable, then put yourself in, but if it's not, then look at your cost-benefit of staying there.
My Grandpa used to say to me, if you see signs of storm coming my boy, it is always (and think always) better to take cover and let the storm pass. Don't try to go outside or against it, or caught up in the middle of it.
Take cover - he said, which meant, in those days, running to my mum or dad who would definitely put me to safety. I can see some heavy storm developing / coming out there.
Have a good day friends and fellow shareholders.
Cheers,
RVINTL.
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