Is it over yet? Brian Tora says there’s still enough reason for
investors to be feeling twitchy at the moment. Fingers crossed. .
As the nights started to lengthen and autumn began to exert its cooling influence on our weather, so the markets cooled too – weighed down by the gathering risks generated by geo-political conflicts.
In some regards, it is remarkable this didn’t happen sooner. When the Footsie was flirting a few weeks ago with its previous all-time high (back in 1999, no less), Islamic State was already garnering headlines
and tanks were rolling in Ukraine.
As it happens, a colleague of mine suggested that, based on technical analysis, the Footsie was due a pull-back from the then 6700-6800 level that it had achieved earlier this year. As a new all-time high looked
possible (though it was never reached), it seemed he had got it wrong.
Recent market behaviour is making his assertion look more credible. Remember though, that the further we fall, the better the chance of a recovery.
Despite current uncertainties, in the long term equities should be the place to be.
Note EU-Digest: another believer in Santa Claus ?
Read more: Ifa Magazine » An Autumnal Chill?
As the nights started to lengthen and autumn began to exert its cooling influence on our weather, so the markets cooled too – weighed down by the gathering risks generated by geo-political conflicts.
In some regards, it is remarkable this didn’t happen sooner. When the Footsie was flirting a few weeks ago with its previous all-time high (back in 1999, no less), Islamic State was already garnering headlines
and tanks were rolling in Ukraine.
As it happens, a colleague of mine suggested that, based on technical analysis, the Footsie was due a pull-back from the then 6700-6800 level that it had achieved earlier this year. As a new all-time high looked
possible (though it was never reached), it seemed he had got it wrong.
Recent market behaviour is making his assertion look more credible. Remember though, that the further we fall, the better the chance of a recovery.
Despite current uncertainties, in the long term equities should be the place to be.
Note EU-Digest: another believer in Santa Claus ?
Read more: Ifa Magazine » An Autumnal Chill?
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