2008 All Over Again

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Normally I would be trying to catch these falling knives but I simply do not have the nerve at present. In a nutshell I think this is 2008 all over again and that this little rally will tilt over into a giant fall. Of course I can’t really know for sure but I simply don’t have the stomach for trying to trade stuff like DTZ.

The dead cats have been bouncing.

However I did buy a tiny amount of DTZ at 2.5 but sold it a few days later at 2.9 and of course today its at 8p. When Thomas Cook collapsed I bit my lips and held off and again it flew. Today the rubbish is bouncing again with Aea, Premier foods and Abbeycrest all zooming up. Yet these companies are goners and I’m not going to get sucked in to playing silly buggers while the whole European financial system sits on the edge of the abyss.
However it is nice to see Pace flying because that is ripe for a recovery and isn’t a broken company.

I’m convinced there is a big Euro initiative in the wind. Politicians are leaky and the first to hear are the banks. So we wake up on Monday to a 300 point rally because the banks hear what’s happening way before we do. As such we need to stick to the big picture in our investment and that remains bleak.

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