For the last few years, most of the noise in the markets has been that we are over valued … actually they have been saying that since FTSE was at 4,000 and DJIA at 12,000 … and yet higher we have gone .
We are now being told by experts that the market is indeed in for a correction … Some even speculate 40% or 50% correction. That may well be, but again I insist that not before we have hit Dow Jones 20,000 … and as previously said, we did not come this far not to get to 20,000 DJIA. I feel the 20,000 level is needed as a spring board for future reference, because one day we will be at DJIA 30,000 and 40,000.
The world is not going to end yet I feel and the population of the world keeps increasing and our consumption with it. The oil and commodities will move higher too for the same reason. I feel anyone who can take the long term view in large blue chip stocks which have been battered is going to be rewarded handsomely. After all the geo political and economic issues that what we have had in the last year … Ukraine and Greece as an example, we are still only a few hundred point below the all time high DJIA has achieved, if we were going to crash we have had ample opportunity to do so … and yet the US market in particular is doing very well indeed. I see the present situation as buying on weakness, rather than sell on strength opportunity.
good luck
all in my humble opinion and no investment advice intended
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https://www.facebook.com/CoachingForCauses?fref=photo
Best regards
Andre Minassian
