Now Cassandra what time is it? Time to take a second hard look at the share markets when share Price/Earning ratios are averaging 27! and there are reduced profits, reduced dividends or none! What else is this? They are talking up real property too soon, when most banks are just starting the mortgagee sale process (inter)nationally because they did not want to take the write downs while raising capital or begging assistance from government. Have you seen any loans to small-medium-enterprise? It is now so tight for even big business unless they had a rights issue recently.
Brave hearts may remain in the market and fools may now wade in, but have a look at the historical crashes, always a repercharge almost like nothing has happened (like now) after the first awful crash and then….who took the floor away….freefall for a total shock. So stay in cash, get into cash, be prudent, be vigilant on the data and spot the vested interest(s) talking up risk again. Keep smiling and be kind to your fellow man (and woman)
