The Big Boys, page-613

Interesting Captain. You sound like a professional fund manager with that approach.

I was analysing on a trading timeframe, but the long term outlook on SRX is easy. It's in a bear phase for the foreseeable future with a long way to work down on a multi year basis. This is not the stock to get set in for a long term hold, even if it has some sharp dips and recoveries as it works down.

I have a few stocks on my watchlist with great long term potential after a correction. But that's the issue. We need a big clean out (which is coming!!) to complete the post-gfc central bank liquidity era, before we can move into the next long term bull market.

I wouldn't recommend any market exposed stock for the next couple of months, even if a few of us are soundong like chicken little on that point, until we see the lay of the land. I.e. smaller corrective or longer bear phase forms, commodity outlook and China etc. The only long term 5-7 years buys at this point for me would be specs not exposed to any big market correction or perhaps gold stocks (if you can find some value somewhere).

Next months tax loss selling period may create an opportunity for some long term buys in small caps for someone cashed up like you, so that's what I'd be thinking about.

Would be good to have this discussion on potential long term longs in another couple of months when the outlook is clearer.

Also interested in hearing your big macro 7 year themes at some point.