by, 12th-December-2009 at 06:56 AM (5951 Views)
As I said a couple of weeks ago, I'm out!
The first time in a long time that I have no shares. Nada! It's a strange feeling.
I was only holding a few stocks; the ones I thought had very long term potential and those that I thought were extremely undervalued on a short term basis.
However, after assessing all the facts available, including my nomadic lifestyle, I have decided that in the short term it's best to be completely out of the market and to have a breather.
Worst case, in my view, is a total meltdown in the next 1-5 years which may destroy the capitalyst system.
I was more optomistic a couple of years ago thinking that the central governments would fix the bubbles by implimenting controls and mechanisms (after saving the crash) that would lead to a better future.
However, they have failed! They have not allowed those to fail that should fail and have provided cash to those that should not have cash!
What they have done is not just a bandaide solution, but a 'destroy capitalism' solution. I am in dismay. (or in dissaray)
The only out is if there is a dramatic turn around in policy, or if there is a REAL world war three and all debts are cancelled!!!
Time to take your money and run people!!
See you next time situations change.
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