Hey, FAME. Yours is a timely post, because this is an anniversary of sorts for me: in 2010, I watched the All Ords move to 5025, then have a significant correction to 4250, got in then, and what do you know? 7.5 months later and we're back at 5025. Lately, I've been conducting a sell-off in preparation for the possibility of a pullback, because it's looking quite toppy to me, and I don't want to have too many risk stocks. I've moved more to short-term trading mode. When there's headlines like this today, I get wary:
Having said that, things are looking better on the world stage, so I suppose I should be more bullish, but each green day now makes me suspicious of a fall. I'm a voracious index watcher, and pretty "top down" in my approach, but I don't underestimate gravity, and with a pullback, it just self-generates, and creates more pessimism and uncertainty. FWIW, I don't believe we have another GFC coming, but a correction, well, I just think that's a natural occurrence- already there seems to be some fatigue settling in on the markets... or that could be my imagination. :)
What about you, FAME? Are you buying, holding or selling?
