22 Jan 2008, 00:32
Might seem like speculating, but its meant in jest ..
Only a couple of weekends ago I was reading one of the big sunday newspapers, and how they had asked a number of 'experts' to predict movements in the stock market and housing market yadda yadda.
well, made me laugh when some said that after a choppy ride, we'd see +5% overall, where as many were doom and gloom all round. That might come to be the case 12 months from now. But the main markets have fallen 5% today, and over 10% since the new year, and it aint looking pretty !!!
I'm sitting on the side lines, totally out of stocks, flogged the house, and not planning on melting anything down. I'm watching in fascination which way its all going to go. I'm doing this becuase I didnt obey my hunches in 1987 and took a right pounding for 6 months. The kind that leaves you psychologically scarred !