Meh.
This too will pass.

The best part of two decades of irrational exuberance has come to an end. Unfortunately, a financial squeeze has coincided with an economic slowdown, so that makes things look hard. But the nature of these things is that a fall, though justified, has probably gone too far the other way.

Here're my predictions: the markets will stabilise over the next few months. That'll give time for some new regulations, perhaps aping the Spanish model - Spain has got off lightly - and perhaps with a renewed interest in mutuals. For a year or so, not much'll happen, because it'll take that long for liquidity to reenter the market. But it will. This time in a couple of years we'll be all happy and bouncy again.


At least, I hope that's what happens. At the moment, the (few) stocks and shares I own are worth less than when I bought them in 1997. My parents, on the other hand, bought gold a few weeks ago. Bastards.
( Enzyme is powered by sunlight, Tue 30 Sep 2008, 12:13, Reply)