Northern Hemisphere summer holidays. June, July, August, certainly has an influence.
Holiday on Martha's Vineyard or stare at a screen...
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Market structure since the October lows has been bullish. Next stop 4300?
If we analyse world markets, we don't see broader market run except for selected crowded stocks.Eg: S & P 500 over 10% gain this year has come from a few large companies. Also we see volatility. Anything goes up very fast like a rocket within the short period will drop rapidly.
Yes, good to be in an index. Imagine trying to actually pick stocks. Would be...tricky.
With the ftse100 British shares it would have been wise to sell on 31 December 1999 and stay away ever since. One GBP was worth $3.10 NZD then. It is worth $2.06 NZD now. The ftse100 (capital index)was 6930 then. It is 7490 now - A whopping 8% increase this century in local currency. (-26% in NZD terms!)
When we invest in foreign markets, we should not ignore Curency risk. But there are two ways to mitigate. 1.Finding out companies which are going to benefit and take positions on them.2.Only invest in multibaggers. I was in a UK forum as well. We have to find out great winners before crowds come in droves. I lost because of Curency. But got above average gain from taking position in one commodity company. In every situation, there are opportunities for intelligent investors and traders.