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HOLIDAY1

2,250 Posts.

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08/08/24

15:05

Post #: 75127439
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Originally posted by Tony barber: ↑

I really dont know why anyone is just expecting a bounce.
It makes no sense.
World markets are in turmoil. Only the very smartest of accumulators are going to make money from this.

Theres just so much uncertainty. People seem to be holding onto this magic remedy thought of rate cuts to turn things around. Rates are NOT high.

The markets over the past year have hit all time highs. Do people really think that everything keeps moving up?
It takes money to do that.

It's just like the people who complained about the selling in June and as soon as it flicked over to a new financial year they expected a jump!

Read the room.
France and England have completed their elections. That absolutely caused disruptions.
And there's a bloody big one in the USA coming. Biden dropping out has opened the gates.

So if you believe that there are stocks that would be good to accumulate now for possibilities in Feb 25' then that may be the smart move.

But dont turn up each day expecting some sort of massive rebound in the short term. It's not happening.

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Agreed. Seen this before.
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