I see the Daily Telegraph is today still pushing the "we are in a bull market don't miss out" line so favoured by Malcolm Stacey. It is not a view I share. This article by Jim Quinn appeared on Zero Hedge yesterday and is superb. Just brilliant. Read it and be warned...
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Comments
wildrides
Obviously your stay over the pond has influenced your thinking . The piece you quote is of course about The US markets ………… it should be obvious that US markets are not AIM or indeed the FTSE . The AIM market is not over valued . Infact its forward value according to very recent research by “Beam Me Up Scotty” shows the market as a whole to have a mid valuation , not high and not low . You have been forcasting a mega collapse of the UK markets as long as this site has been running and infact even longer than Van Goddess has been forcasting an upturn in Gold values . Eventually you will be right …. of course ……… but it may be along way off yet . In the meanwhile you will miss out on LONG value , just as you have in the last several years . The only thing I can say with out right conviction about todays UK market is that it is a “stock pickers market” A dream market for many infact, where fortunes can be won …… and lost . Your article reproduced above regarding the US market and its current participants is too simplistic and broad brush to be of any interest to UK stock pickers .
Tom Winnifrith
Wildes,
AIM is a crap shoot. If proper markets tumble then AIm will be caught in the fallout as afolks move to cash/away from risk on investments.
If you cannot see the parallels between the US and UK you are blind
We’ve done very well on our long only portfolio despite me – correctly – warning that stocks were fully valued. But I want to move more into cash and this article gives a sense of what is driving my thinking
t
Duck and Dive
Jim Quinn is a good writer but he, like you (or maybe you, like him) has been banging this same drum almost continuously since forever. One day he, like you, like Amanda and like broken clocks, will be right; but we can all do that. This is the same guy who has been calling an oil shortage/fuel crisis for several years…although he has latterly slowed down on that call for some reason.
turbograndad
Now is the time to be a deftly trader, with an eye on the door, Tom agree caution, Wilde’s agree, still some sticklebacks to be caught, to put in the jar, but don’t get a soaker catching them, be like the whiley trout.
Andrea Gonella
A very timely article, in my opinion.
I am heavily short US markets (and hurting) and long precious metals and volatility.