Ok it's happened the markets are in freefall pretty much.
Sooooo....... Should one be watching for the bottom and diving in ? OR
Is this the start of what will be normal trading levels for the forseable future.
Is there any rush for the long term investor ?
If this is the start of the revaluation of so many companies is it better to wait till the dust settles then buy in ?, no point buying Xbank or any other company if it will lose 30% of it's value over the coming few months.
I'm inclined to wait.
I don't think there are any bargains out there considering the landscape will be completely different in a few months.
I think it's yet to hit BHP and RIO but it will happen, I simply dont trust China and india to maintain present levels of growth and BHP and RIO will be the first to suffer.
I think this is a major correction and it will be years before recent company values wil be seen again.