Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
That was the week that was
Recent History |
Archives
Hello Crazy chums,
This little piece is meant to lend encouragement in these difficult days.
We all worry about our assets when the share board shows mostly red. We tend to fear the worst is yet to come.
Well, remember that the big dealers love a market which has a lot of dips. The bigger the dip the better. They sell a load of shares before the trouble starts.
They find a reason to sell, of course. But then - even though the same reason still exists - the shares tend to make a recovery, if not the next day, then very soon afterwards.
At the moment, there is a very big fear stalking the land. How much exactly have the UK banks lost in the American mortgage debacle? When we find out - shares may plunge again, but I've said before that fear of the unknown is much often worse than the facts in Crazyland.
OK... maybe the position is even worse than we feared over the banks. But I prefer to be optimistic about that.
Any road up, even if the bank profits take a real wacking, take your mind forward a few years. Do you think it might all be forgotten by then, and that bank shares will be up there in the stars again? I rather do.
Because that's how it usually works in Crazyland. Up one minute, down the next, and then up even further next time. Remember that whatever happens to the daily share value, you still have the shares.
Company's sometimes collect bigger profits than ever as the share price falls. That's market sentiment. It's nothing to do with facts. And facts, gang, tend to count in the end. God bless!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
