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I have seen some outrageous posts I (Like the one calling ASPI to 6000!!!), but just saw the most outrageous one calling for state intervention!!! seriously?? And where do you propose such a fund is funded on a long term basis from, tax payer money or a CGT on equity! Either way it's ill advised!
Markets go through corrections and in my opinion that's what is happening. I don't agree with the doomsday prophets here or the ones who advise you to catch a falling knife by buying into a 5% correction. There is more to come for now!
Also don't agree that politicians crossing either way signals a buy or for that matter a sell, the political situation was just the catalyst for this move, and might continue to be for some time, but the market was clearly over heated with too much leverage that need to come off then we will head higher again.
Markets go through corrections and in my opinion that's what is happening. I don't agree with the doomsday prophets here or the ones who advise you to catch a falling knife by buying into a 5% correction. There is more to come for now!
Also don't agree that politicians crossing either way signals a buy or for that matter a sell, the political situation was just the catalyst for this move, and might continue to be for some time, but the market was clearly over heated with too much leverage that need to come off then we will head higher again.
