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Hello Crazies,
These are rather dark days. But it seems to me that the lack of confidence in buying shares on the UK market is mainly caused by things that are not much to do with the way our companies are performing.
Crazyland, I would like to hazard, is a now seeing the victory of sentiment, which often has no strong basis in fact, over real facts.
But I have always been bullish - otherwise I would never have touched shares with a barge-pole and you'll want to hear reasons why I think the picture is being painted too darkly.
Well, we still have China and India and other far flung places which are moving ahead strongly as far as growth goes. They are using more oil, metals and hard stuff like that, which is forcing prices (and profits) up all over the world.
Employment is still very strong in this country. Anyone who really wants to work will probably find it this year - and well into the future.
But these other aforementioned countries all need UK knowledge and experience as well as goods - and hordes of our fellow countrymen and women are now working in foreign climes. This bring home a lot of loot.
Our financial services may not be as popular as they were, due partly to the dithering before depositor's dough was guaranteed at the Rock, but they will recovery. And boy are they (usually) envied.
Inflation is being kept low. And, as buying houses is no longer as attractive, more money will eventually (when the present fears are curbed) creep back into stocks and shares.
I have been doing shares for a long, long time gang - and every so often I wish I'd never started. But when I look back into the success of shares over the years, this misery is soon dispelled. The old hands will agree with me - we've seen it all before. And we're still here!
To find out more about Malcolm CLICK HERE
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