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Nah, this rally wont last. To be fair I've been waiting for it to break for over a week though.
I've been day trading a little at work since last year using 20K, including the crash down to 3500 when I ploughed all 20K into Barclays at 60pence. But as I was day trading I sold out at 70pence (DOH!!!!)
I've taken out 16K for the year so far with the first 8K before April(Capital Gains) and the rest after(another 8K tax free). My original 20K still is still invested and is presently sitting at a value of 22k.
Im waiting for the rally to break, to buy in on weakness but it seems unabated!
BTW, if you want to dip your toes in at the moment, defensive stocks, Electricity and Water have dropped in the rally(as they always do), and so are 10% cheaper than they were a few months back, so offer a good 6-7% divvy yield for a safe investor, with a chance of another 5-10% growth for the rest of year.
Get in there, we're still at the beginning of what seems to be the mother of all bull markets.
Some Japanese economist reckons it's growing super-exponentially, which is apparently a sure sign of a bubble.
He predicted it would collapse on July 27th, and since that date has come and gone I imagine it is due to turn any day now (if this guy is to be believed).
I made this prediction in July 1996 and it looks like it is going to be spot on.
There is a tidal wave coming in the world stock markets. It will easily be the biggest points-crash ever and it is going to occur by September, 2009.
How do I know this? By spending years watching how the stock market indexes respond to the movements of the planets, especially at times of sudden, large movements.
The coming train-smash is heavily supported by both astrological and global economic factors.
All you mathematicians with your fancy models and greeks and black scholes methods.
Turned a profit i.e. made more money than I invested in years 1998-2000 and 2005-2007. Currently around 15% down on sticking my money in the mattress.
Still happy to see that I might turn a profit again in the next 6 months at this rate.
So you can afford a smart new haircut and some clothes from this century.
Turned a profit i.e. made more money than I invested in years 1998-2000 and 2005-2007. Currently around 15% down on sticking my money in the mattress.
Still happy to see that I might turn a profit again in the next 6 months at this rate.
Im expecting the majority of stock markets to take a dive sometime in mid Sept. Will pick up some bargains then ready for the rally up until the end of the year.
Im expecting the majority of stock markets to take a dive sometime in mid Sept. Will pick up some bargains then ready for the rally up until the end of the year.
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