we have been hearing for a while a correction was due had to happen... but the word seems to be theres money out there but investors need to feel a little more confidence first, so i have no doubt its all about patience.
Markets haven't been this good for some time and an adjustment was needed. Also, we have out performed just about every other economy as well.
India and China I feel will be - as you say - a driving force for at least ten years and possibly a lot longer than 20... so current market falls = good buying ops.
Plus U has pretty muched climbed 300% before our very eyes over the last couple of years...
once heard rivkin say "buy when everyone is selling, sell when everyone is buying"... and obviously timing is key. A good retrace, some new money, some believers who buy and remove shares from market, some great new owners of stock (Hollman), some good news, maybe a little cap raising in the not to distant future all on the cards now... these times could be something to remember later.
I hold (swallow!) a few shares but rmg im not worried for longer term... just hard to think of all the extras I could have got at these recent prices..… the pelican who's eyes can hold more than his belly can.
RMG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
