Hello Share Gang,
There are still many more share buys being made than sells. At least as far as the private trader is concerned.
This has to be good news, doesnt it? Why then is the Footsie (news) so reluctant to take off? For weeks now its been below the 4,500 mark. It has been above it a few points, but only for what seemed like a few
seconds.
Well, at least its not falling. We have a situation where nobody knows what is going to happen. Uncertainty. The biggest enemy of the share shifter. If we take a position, we may only be working as a gambler. Share roulette.
Now I have never considered myself a gambler. Though people who do not approve of share dealing have called me such. Its probably happened to you. Rubbish, of course. We are not to be disapproved of. We help build the economy. We provide jobs. We pay taxes to build and operate hospitals.
We make the country what it is today. Well, thats probably not a desperately attractive analogy at the moment, but you know what I mean.
Anyway, you and I are investors. Not gamblers. But we are nearer to being gamblers than usual if the Stock Exchange is indecisive.
My experience tells me that a share market which is stuck is a better sign than a falling market. It is still on the right side. Its better to neither make money nor lose it, than lose it. I am as rich now as I was two months ago. But I am no poorer. I wouldnt mind betting that youre in the same position if you do as I do and have a wide range of shares, rather than a golden few.
But a less-than-volatile market and a wide variety of different stocks add up to boredom and a nil return. Still, as more shares are being bought than sold, the result should be a rising market sooner or later. Lets hope its sooner. Rocking on.
Go to www.sharecrazy.com for share info and market analysis