Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Have a Fire Sale If You Want To. But Not This Old Punter. No, Indeed!

By Malcolm Stacey

25 August 2015 01:07

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Hello Gaag… Well, there’s always something to worry about, isn’t there? It used to be sub-prime mortgages, followed by crumbling UK banks. Then it was Italy, Ireland, Spain and Portugal. Then, when we thought it had all gone quiet, it seems that Greece was still in a mess. It threatened to pull European shares down - but compromise was worked out and nothing happened.

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Comments

Bobby Chariot

25 August 2015, 02:22

Wait until September Malcolm, this was just a small prelude to the carnage that will unfold on the equity markets.

FED hikes
Greece
Iran Nuke deal
TurmOIL

And any other black swan event that we don’t know about.
David Russell

25 August 2015, 02:28

I’m the same Malc,many years ago selling on market news or some other rubbish you read on the internet and found that the stock recovered. Strong companies will get past this and will recover some companies will fail and some company’s blame the bad management of the company on any world crisis. I have not sold all my holding and have bought a load today.:)
Richygm

25 August 2015, 02:36

Me too. Having sold at the bottom too many times to mention, I’m sitting tight, may even be buying more. According to Chris Dillow in the IC, stock market returns have averaged 6% over the long term. No doubt, one day that will come to an end – as will everything else, but, I suspect, it will not be now.
alcira16247

25 August 2015, 06:41

Malcolm

Sound advise and vindicated by this mornings sharp bounce……. anyone brave enough yesterday to have bought must be sitting with a wee smile of smugness.

Hopefully, news that China has cut base rates and with a positive response from Wall Street this afternoon, might it be too optimistic to feel that the worse is over?

Needless to say, but looking forward to reading more of your future observations, sage advise and common sense approach to investing with eager anticipation……. even more appreciated during these turbulent times!