I prefer to look at the cup half-full than half-empty...I welcome corrections to challenge the risk. I rather do my research and work on my portfolios. "Crash" is relative to your investment / trading strategy.
Sharepicker. I see you entered the market in the final stages of the 1960"s bull run you must have lost heaps, now you back doing the same again in 2007 did you also lose your shirt in the tech bubble of 1999 as well, no wonder you have such a healthy fear of another crash.
It's my feeling that we are now entering (or just into) the 3rd stage bull market. If we don't see a correction soon, this will confirm it. Already we are seeing a market frenzy, and prices will continue to rise to ridiculous levels. Time it right and make a fortune, time it wrong and cry your eyes out! Who will be along for the ride, and who will chicken out?
You need to look at your chart window > 2 years. Stage 1 : April 2003 to April 2006, stage 2 ends with correction in May 2006. I repeat : If we do NOT see a correction soon, it will confirm stage 3 bull-market. (also - some ind-transport equities are starting to lag the market)
Hi there Zing baby Nice to see you in these parts, I think you are right, The market has been very good to all of us, but untill your doctor and car guard are talking shares dont worry to much,Until the stock market makes headlines we are not in that frenzied state. Be ready for a correction and if it turns into a "crash" short the index and make a mint. Tx.
On the Sharenet forum Smart Rascal also made the prediction of a crach in May 07, and seems to base his insight on Richard Cluver who thinks he knows it all and never makes a mistake. I think sharepicker = smart rascal = now panicked old fool that falls into the first category of trader types we have, as I explained on this forum a few days ago. But he is entitled to his view and as Cluver will shout very loud when the market makes any sort of correction later this year. Conclusion; as a trader be prepared for anything for I cannot tell the future, but must act on the fact at hand, without going into a panic, of soos C sê in jou broek kOk (dis die Transvaal uitspraak).
I have been accumulating shares since 1968 with a very basic selection basis, 1 The company must pay dividends consistently 2 The company's products or places of business must be visable to me (so I can walk in and see for myself how they are doing) 3 I accumulate shares, I do not sell them (thus I am doing quite nicely from their dividends (TAX FREE).