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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (16387)	3/13/2003 6:54:53 AM
From: Steve Lee	Respond to of 19219

If you want a good laugh about how hopelessly cluelessly unaware the media is of the impending financial disaster, read this article from the BBC Business site, entitled "Q&A: Why are shares falling again" news.bbc.co.uk Here's a snippet: Financial advisers were on Wednesday urging clients not to panic despite the latest crash. "This looks like the last bit of war nerves driving the market down," said Robert Guy, of Timothy James and Partners. "The last thing you want to do is cash in your investments because then you won't be invested in the market when it does recover," said Nikki Foster, savings and investment manager at Chase de Vere. Furthermore, shares at current prices are offering a generous yield compared with bonds which, seen as safer investments, have attracted a rash of share-wary investors. In the UK, shares now offer more income than government bonds for the first time since 1959, JP Morgan has calculated. Yet share prices have, historically, risen faster than bond prices. So invest in shares now and, in the long-term, you have the chance to make good capital gains, and are sitting on decent dividend income while you wait, many advisers point out. "Arguably this is your last chance to buy stocks at these levels - but people only ever see the catalyst with hindsight," JP Morgan's Nigel Cobby said.