Originally Posted by
Beagle
"The volatility we are seeing at present might ultimately prove an attractive buying opportunity for long-term investors, although it is extremely difficult to make a judgement on exactly when to step in".
Extremely difficult - he's not kidding !
Been asked a few times by PM about how I might unwind my very high cash allocation. My view is the economy faces some very strong headwinds at present that don't look like they will abate anytime really soon. Furthermore, the geopolitical situation has rarely been more extreme with a huge range of potential outcomes including the possibility of a full blown European war between NATO countries and Russia and even the possibility of the use of Nuclear weapons.
Its going to be impossible to pick a bottom so gradually dollar cost averaging back in over 12-24 months on an ad hoc basis from time to time as various heavily oversold opportunities present themselves is where I'm at with a keen eye on TA confirming my fundamental analysis. If the nukes start being used then the value of our investments falling will be the least of our problems :eek2:
It seems bizarre that the DOW went up 800 points today. This isn't over by any stretch of the imagination, nowhere even remotely close to being over.