Friday, October 31, 2008
Wow ! .... its the end of the year...
As we go into another mth end , this time would be extra interesting, as volatility has probably crippled some of the not so nimble. All seems stabilised and calm with regard to the bite of the measures taken by Guvs. The market has flip flop from economic issues to rates issues to liquidity issues. Seems like this fashion would continue.
Anyway its good for markets to thaw out and have some semblance of calm going into Novenber.
However, after the storm is seeming calmness and the cycle goes on. At these junctions , bottom pickers or more polite, bottom fishers/bargain hunters, come and pick cheap stuff in the stock market. But as opposed to the past, its a global affair. This is the bloodest falling knife that one can catch.
Earthquakes, typhoons etc are usually preceded by serenely calm weather -)))
Own stocks in a reccessionary , low growth, slowing consumer spending, asset deflation world?
Cash is king to weather this for the next 2 years at least.
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