Monday, October 20, 2008

Lamb to the slaughter or a time to buy?

James Daley: I'm getting back into the market

The FTSE is down 40% from its peak during 2007. James Daly is aware there may still be problems ahead but does not believe that we are on the verge of Armegeddon so has put his money where his mouth is. Personally I think there is some value to be gained in the right sectors, i.e companies heavily funded by the public sector but I'm not too sure the bottom has been found in the UK yet and expect a little more volatility.

Posted by denzil @ 01:44 PM (835 views)
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4 thoughts on “Lamb to the slaughter or a time to buy?

  • remember i did and said this

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  • “I may be wrong, of course, but you can’t say that I don’t put my money where my mouth is.” He says he has no cash (from twice investing in property), but has ‘opened a sharedealing account’. I don’t consider opening an account a commitment to belief in a future of rising share pricess.

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  • Advice coming from someone who doesn’t have enough savings for investing in stocks…………. but decided yesterday “what the heck, lets go for it”

    Sounds like gambling to me and he’s under the Invest & Save section ?

    What a plonker.

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  • I suspect this is not the bottom because stock markets have come to this point so fast.
    I’ve noticed before that as you get to the bottom, it stops plummeting and sort of drifts lower for quite a while.
    Theres no more really bad news, but no demand either.

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