Today money will simply flow out of the market. Some, like the hot US money (the Carry Trade) will never return. Others such as the local traders will sit on cash for as long as it takes the markets to show they have bottomed and then buy back in. Some heroes will brave it out, thinking it is simply a "healthy correction" till their nerve breaks and they sell out at the bottom and swear off shares (till the next time). A large number will take a philisophical view that they have missed their chance to get out and stick with their stocks. Shares always go up in the long run don't they?simonjulie said:
Good guess Macca, the SPI says -62.Macca said:After the Dow on Friday, I think down about 60 pts this AM, then maybe a pullback to down 40 for the day......................
Warning, this is not advice, if I really knew I would own a yacht
LPTs & LICs haven't dropped nearly as much as the market.simonjulie said:
But are you prepared for the "d" word or the "si"words?XBenX said:Ive got a bit of a habit, never mention the "r" word...
Im looking forward to the economic cycle and hopefully a nice recession, Id love to learn from one first hand...
Oh, I never mention that "r" word - it does terrible damage to slopes
Richard C,now that the All Ordinaries went above the 5500 mark 40004004 with an hour to go. Veeeery interesting
Les, it's good to go back and look at the old post's now and then it help's
What an interesting thread to re-read. I talked too much back then but Acey's comment on it being a buying opportunity proved correct, even if a couple of weeks early. Demonstrated the risk of being too highly leveraged.... Hard to keep your nerve when your net worth is plummeting.
