This very viewpoint is the subject of a Sunday Times article from yesterday :gearoidmm said:This is looking like another Black Monday (in the style of 1987)
soma said:This very viewpoint is the subject of a Sunday Times article from yesterday :
http://www.timesonline.co.uk/article/0,,2095-2189601,00.html
norma said:What about some of us with our equity ssia ready for collection 1st June and €1000 drop in value last week - is there anything we should do at this late stage?
gearoidmm said:Can't understand the extent of the losses. profits are good and GDP growth is improving everywhere. Interest rates are on the rise but valuations and p/e ratios aren't as bad as they have been in the past. This is looking like another Black Monday (in the style of 1987).
Carnage
Any comments (reassurance would be helpful)?
demoivre said:Valuations, GDP growth etc. are irrelevant in the short run - greed and fear are what count. Remember the euphoria of 1999 - early 2000 , Baltimore technology went to 135 quid - what fundamentals could justify that - an ice cream van would have bigger turnover ! If you are investing in stocks it should be for the long term imo. Short term blips will have little impact on the long term picture . Look at this or this as an example of what I am saying.
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