Aus,
Not a prediction, just allowing for the possibility. I didn't "expect" it last Sept/Oct either, but there it was, along with a host of other buying opportunities. That's the problem with these things, the really big sales tend to happen at the same time, when the whole market--or a whole sector--goes south, then they kill the good ones along with the excesses. Slaughter them sometimes. Of course, when it happens, you never, or rarely, feel certain that "this is it, the bottom", since along the way so many other apparent "bottoms" fell, and you don't have the cash to properly exploit them. Or the patience to hold for the really spectacular gains that inevitably follow, as "reasonable" tops get taken out later on, but the psychology of the previous crash makes you gun shy and want to take the quick, very nice gains handed to you.
Such is the mindless merry-go-round market.
best, sam |
