Tuesday, Mar 17, 2009
Markets haven’t bottomed yet
MoneyWeek: Markets haven’t bottomed yet
"You expect City people (like any other salesperson) to talk their books. So most of the time you can take fund managers' comments on the market with a big heap of salt, particularly if they sound optimistic.
But recently, increasing numbers of very respectable people with good track records have been arguing that shares are cheap."
Posted by damien @ 11:47 AM (510 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. 51ck-6-51x said...
The stock market does tend to bottom before the economy itself does, so even with a weak outlook it may be possible for shares to be at the bottom. That said, I don't think we are there yet, I'd give it another 4 months myself (for long-term buying) - especially with the downside risks that are still present. There are, no doubt, opportunities to be taken, however!
Any other opinions?
2. crunchy said...
For what it's worth- I was always told if the market is in a downtrend, sell the rallies because the odds are in your favour.
Business liquidity does not create customers!