Be Careful Venturing Into The Wild West

A few weeks ago I wrote a column entitled Lessons Be Handed To Newbies where I highlighted how ridiculous certain stocks had become because of the sheer numbers of new entrants into the market. Speculation had quickly evolved into the “greater fool” theory – a case of buying something, anything in the hope that a bigger fool than you will buy it off you for a higher price. Naturally if that doesn’t happen then congratulations you are the biggest fool!

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Lessons Be Handed To Newbies

Once markets peaked in June 2009 there was little direction for a couple of months before resuming the uptrend. Expect the same here again. It may not take as long to get going again as the actions by the Fed and Governments is far greater now than in 2009. Basis this not only could the pause be shorter but most likely the resuming rally will be even more robust.

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