whats your average, page-33

I had a good think about averaging down today and am really concerned about where the stckmarket is heading. I have bucketloads invested and buying on credit. Sticking in another $X0,000 is now risky as I am not sure that we are through the bad times yet. Whether MHL could double this year, or halve, is still the question. Although I invested for the long term, another few billion of writedowns in the US could easily drop the ASX by another 1000 points. I have serious concerns about us slowing right down and even going into recession in the next 2 years. I suppose that is the lot of a LT investor and not having stop losses. But credit cards - I hope you are only kidding.If not, get out with some reasonable wins for that credit card money if it does go up double persentage.

Sorry - ramblings of a man drinking red and a sheet of speccies in the same shade of colour

Good luck