Hi all Im pretty new to the whole stock market thing, however i have been watching the satrix 40 for the past couple of months and its dropp from above 3000 to just below 2200 now, just interested to see what your views are to buy satrix forty at this level. Do you think they will drop further or is this pretty much the bottom ? Thx
Salv, if you don't need cash in thwe next 24-36 months, you should make good profits on STX40 entering at these levels. But with the jitters in the market, buy no more than 25% of your cash at a time - i.e. a little bit every 30-60 days. Specially since there seems to be consensus that the Yankee depresion is going to drag us down a bit more.
BURN BURN BURN - This is not the time to come and get your feet wet. If you cannot play intraday, you must just sit it out. Or buy for the long term. But we are going down another 10% at least, when the USA tanks (Y-anks?)