Making Money Daily with Stocks and Shares: 5th June
The market is down but, oddly, some mining shares are up. As miners lead the way up and down, what does this mean? Ah…just seen it. Miners have indicated a share buy back and dividend increase et al. That’s why it’s bucking the trend slightly. But for how long? Just goes to show the value of information, how much of it there is and is it really possible to disseminate it all?
Right now we have oil jitters [iran], interest rate jitters [Fed], a feeling that everything is already overpriced [the bull of the past three years] and the worries over the falls over the last few weeks. More pointing to a downward push than a rally.
I have this feeling that somewhere around the corner there will be another huge sell off. It seems more logical to wait for that than to risk a rally. I feel like i’m watching a bomb but not knowing whether the fuse is lit.
But obviously the analysts have to keep confidence high and so are arguing the reverse. BUT THEY’RE NOT RISKING THEY’RE OWN MONEY.
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