Tuesday, March 06, 2007

Canterbury - 6th March, 2007

See, see, see, I told you so. Now you might just listen in future!

I first started talking about this over a year ago, so you should have had time to prepare. My little trick was to have some short positions riding on the downward movement. The gains I made on this were impressive and have recouped all my investments to date.

But folks the never ending bull market just ended. There may not be such drastic falls as last week but the trend now is downward for at least the next 3 years. Some pundits are even predicting a 1930s US style depression. Ride it down if you can. Keep your pensions and investments out of the market. Buy government bonds or savings certificates or even a property or 2. Meanwhile, try not to let them rip that shirt off your back. We are in for a rocky ride.

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