Agree but prices could even fall more.Read "the Intelligent Investor" by Benjahmin Graham
Buffets first book he read on investing states that in a bull market...all bearish news is disregarded whilst in a bear market...all bullish news is disregarded...
Truely what we see at the minute...there are still companies making profits regardless of all this negative sentiment...
Now is truely the time of a "half price sale in the stock market" for many stocks
Morning Ireland reported a 4% rise in the ISEQ and double digit rises in specific bank shares in early trading this morning. I guess they don't ignore all "good news" all of the time?I know this point is made and argued over and over but I couldn't help noticing the way that the RTE web-site has reported the last two days trading on the Irish Stock Exchange.
Last Friday there was a drop of approx 6% and the headline was 'Dramatic Iseq Slump Gathers Pace'.
Today (as at 12:30) the Iseq is up approx 4% but there is as yet no mention of this on the web-site.
Morning Ireland reported a 4% rise in the ISEQ and double digit rises in specific bank shares in early trading this morning. I guess they don't ignore all "good news" all of the time?
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