Well hasn't it been a bumpy ride the last few weeks.
The XAO has fallen from its top of around 4280 and is currently at about 4050. This is about 5.5% move in a week. Kinda puts into perspective the feeling that people must have had in 1987 when the market fell 20% in a day!!!
I have sold 60% of my holdings in the last two days. Overall I'm still up about 10% for the year (from Jul) but this figure has taken a bit of a beating in the last week. Some people I tend to listen to on other forums have sold 100% - they see much more to come.....
What are peoples views about the general market over the short/medium term?? - I believe this is the start of the correction we had to have..... To be followed by a larger rise (over the next year) and then the bust we had to have (that will be driven by fundamental consumer spending tightening possibly leading to a recession).... but this is pure speculation!
I am willing to ride the next wave (emphasis on resources) - with caution