Everyone keeps using the word bet, that alone tells me to keep away from the markets.
At the moment, they are nothing but a gamble. Long term fundamentals, market sentiment, & many other factors are all teetering on the edge between heads, & tales; and I refuse to engage in such gambling.
Examples of fundamental unknowns;
Will the US have a recession?
Will the US recession have an impact on China, & this commodities bull?
- & If so, are all of our resources companies overvalued? Obviously the fact of a 'never ending' resources bull is priced into these companies, can they really handle a drastic price reduction of commodity prices? Will many spec mining companies suddenly become economically impractical?
& Let's face it, if our market cools down, less 'easy money' may equate to less money spent, the uncertainty in the property market may keep home buyers away - less mortgages, less profits for even our banks ...