Stats out of US are looking good.
US and China will greatly effect Aust.
We all know that US interest rates will be going up and that will effect us here. I am expecting maybe a couple of pauses on the way up. The Fed will surely want to assess the impact on the economy of increased rates. Isn't it a matter of which straw breaks the camels back?
It's always about timing.
Recently I asked someone how he would feel if his shares in CBA were to once again trade at about the $30 mark. Sorry folks I'm using this as an example. Oh that's silly, that won't happen was the reply. My answer - go check GFC, where were they then. Given current situation re housing, the Royal Commission and interest rates anything can happen. It is the share market and any number of us have been around long enough to have witnessed all sorts of things.
With so much shorting in the market these days things could get uglier than many people think.
Old saying about rising tide lifting all boats and v/v however some companies will fare better than others. Good companies paying excellent dividends in almost recession proof sectors may fare better than others.
There is always a time where I believe it is appropriate to hold cash although no share broker will tell you that.
I do believe that my current holdings will go higher, I otherwise would not be holding and adding to them.
My fear is far greater than my greed only because I am older.
Another old saying is think about the return of capital not only the return on capital.
Once you are sitting on cash and there is enough blood on the ground you will be able to use it to your advantage.
Fortunately I have no debt.
A somewhat rambling post but you get the drift.
