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Hello Crazy Folk,
It's hard to keep track of the Footsie these days. And that means it's tough following the path of shares in general - because all the indices follow the big one.
And the Footsie follows the Dow. At least it does normally. But the Footsie seems to be going its own way a bit at the moment. The Dow fell like a stone this week. And the Footsie also toppled back, but not by as much. And then the Footsie improved mightily.
The Footsie is doing well at the moment - standing up to the terrible drubbing the economy is getting from informed, but not very intuitive, journalists.
My own worry is that eventually the dealers will believe all the media stuff, take fright and cause a nasty share crash. But I've had that fear for months now - and nothing much happens.
Except that the Footsie is more volatile now than perhaps I've ever known it. A few years ago, a move of 20 points was considered quite dramatic. Now a move of 80 points, up or down, seems pretty normal.
This is enough to give us all the heebie jeebies, mincing our nerves into jelly. But we're all getting used to it, as these 80 point drops are matched next day by a similar move up.
There is some milage, I fancy, in anticipating these turns of fortune to sell on the peaks and buy on the dips. That's what I try to do - and in my view, that little job, always hellishly difficult, is now getting a little easier. Rocking on!
To find out more about Malcolm CLICK HERE
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