Stock market jitters
Following an unexpected but exciting summer rally in the markets I am beginning to feel the jitters. Everywhere I turn I read either that the world economies are coming out of the worst recession for over 50 years, and prospects for growth are on the up, or I read that investors should be very worried as we’re heading for a serious downward market correction. Which is it? Many commentators are of the view that it is just too risky to buy and that the best place is in cash.
Several of the stocks I have been watching over the summer period are now at a price I had earmarked as a buy signal but, given all I have read, perhaps I should wait for this ‘market correction, first? All part of the learning curve.
As a virgin trader it is all a bit unsettling. Are we at a critical point right now? Are we about to feel a painful market correction or are we about to go into another strong rally defining the end of the credit crunch?
v
Wish I knew but know how your feelin.
I’m for the bullish view.
Stu
The voices shouting for caution are getting louder each week. I think it will get harder to ignore.
I read that Michael Geoghegan, chief executive of HSBC, is so convinced there will be a second downturn in the coming months that he plans to delay any rush to expand the bank.
Samanji