Laughing with you goldmick - what are they smoking?
The problem as I see it is a liquidity crisis re-emerging as banks scramble to maintain Basel3 capital adequacy levels. The institutions are big holders of stocks and will sell as they need to and this is why I am so concerned. Behind the scenes it is a dogs breakfast.
Share fluctuations and company performance ARE NOT joined at the hip as you may well have noticed. Gold great and gold stocks in the dumster! NCM could be digging up solid gold ore but if things tighten, it all falls, margin goes off, cash tightens up. P
The chances of the EMU agreeing is not great, Moody's downgrading heaps of banks, France highly exposed to Italy which is highly dysfunctional - join the dots and take care.
I am half in half out but about 60% cash on where I started back in Feb as I am 20% up roughly this year in my balanced Funds. What a crappy year - very difficult to sell at present as I have been much further up. Problem is the rally has not eventuated - same as this happened in 2007. Not saying we are back there - not saying we aren't.
Your call guys it depends on your risk profile - I am not a registered advisor and you should not listen to anybody anyway so DYOR&DD - get educated - if you don't know what I am talking about you should. Not trying to tell the experienced how to suck eggs either just concerned. Perhaps Adam Hamilton is right and this is the buy zone right here???
I think this is all a short term sell and a long term buy - but you will have to wait IMO. ...and it is not good for my business to say that - being honest here. This is my short term view if I am wrong I still have a foot in the door and will load back up no harm done.
Best regards,
CW
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