I have decided that the second wave of the Global financial crisis is now upon us. It's a hold and take no risks mentality at the moment.
The Dow and the aussie all ords are below the lowpoint. Yesterday was the lowest in 10 weeks.
Hold and fold your money till after August when the US will go begging to congress for more money... their 14 trillion is now all used up!
Greece, Spain, Italy are in trouble.. well, they don't believe in paying income tax, so how is their governement(s) going to repay!
Germany might hold the purse strings, but Spain has regularly defaulted over the years. So what's new?
So hold your positions. Maybe it will work out in another year. It is not looking good. Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Megamoneybox address is http://Megamoneybox.blogspot.com.au We try to help you earn money on the internet.We give free share trading tips. We aim to educate and enthuse. We are in Australia in the land of the Sun. We are asset management and risk consultants, are not financial advisors. You Trade at your own risk. We could be wrong. So do your homework. Go to our other blogs to de stress. We are not big risk takers. We asses, investigate, analyse and then decide.
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We are not financial advisors. We are asset management Risk consultants. We try to help you to make sense of the sharemarket minefield. You MUST take your own risks and make your own decisions. Therefore you must do your own research. Any comments shown are not those of the owners of Megamoneybox or subsidiary companies.