I think now is a good time to buy shares, others might disagree, that's their right.
The cycle so far as I can see it was like this...great banking uncertainty leading to a dramatic drop in banking share prices...the uncertainty is slowly resolving itself in an ongoing way...the share prices are bottoming out with the decline in certainty....
The longer things are settled and the longer that banks aren't going under the more confidence investors will have in banks...this will lead to them buying up more shares in these banks driving the price higher...
As for the rest of the market, again the uncertainty seems to be coming to an end and in 2009 the market will imo pick up again...
I don't see share prices going much lower than they are today...
The cycle so far as I can see it was like this...great banking uncertainty leading to a dramatic drop in banking share prices...the uncertainty is slowly resolving itself in an ongoing way...the share prices are bottoming out with the decline in certainty....
The longer things are settled and the longer that banks aren't going under the more confidence investors will have in banks...this will lead to them buying up more shares in these banks driving the price higher...
As for the rest of the market, again the uncertainty seems to be coming to an end and in 2009 the market will imo pick up again...
I don't see share prices going much lower than they are today...