Ten year cycle for the markets
The financial crisis is gripping markets, capitulation selling this past week, Oct 2008 joins the annals of history for market crashes. Recession looms large, some say will be prolonged one.
Let's step back and look at the investment cycle, where the real big money is made by such names as Warren Buffett. 1973, 1982, 1993, 1998 and now 2008. One needs to look at one's lifespan, 70-80 years?? First 20 years is spent in childhood and education into adulthood. After that how many 10 years has one got. The rest you can work out for yourself.....
Does one rush out to buy? That is a question I leave to you to answer.
posted by emacro @ 10:13 AM
3 comments
3 Comments:
Dear Emarco, I have stopped trading FKLI because wanted to devote more time to FCPO, HSI Futures and EURO.
Anyway, history keeps repeat itself. TA traders know what to do next. For me, follow the system blindly is more than enough.
Cheers.
Best of luck in HSI and EUR, both very good products.
Just as well, FKLI and FCPO markets in its present state can't grow much because it is closed with no online trading available. Hopefully things will change with DMA.
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