After a super strong start to the year, we had to give a bit back last week and have a bit of a pause. As I discussed in last weekend’s blog, this is healthy really if we are to see Markets keep rising, and in the event it hasn’t been much of a pullback. If anything, I would guess we need more consolidation before we can see more moves higher (assuming that will happen but of course Summers are often quite flat). Consolidation can just mean a sideways grind and I suspect that is pretty much what we will get.
The situation around the globe seems quite mixed with the US and UK recovering strongly from the C19 induced Recessions and with Europe still seeming to recover, but facing lots more trouble with C19 Lockdowns and further waves of infection. The UK seems in very good shape and there was some excellent news on Friday about how the AstraZeneca and Pfizer Vaccines have both been found to be highly effective at not just protecting people from severe illness, but also helping to prevent infection to a high degree. Of course the US is most likely to undergo vast amounts more ‘Stimulus’ that is likely to keep the Punch Bowl well and truly booze-fueled.
0 Comments
I am starting this on Saturday Night, as is my tradition these days because it is easier to break the task of writing these blogs into two bits. I am utterly trashed because I thought I would take advantage of the pleasant weather and go for a long push around my locality. Of course, as is always my way, I never know what my limits are and I ended up going probably much further than I should have, and as a result my health problems are really irritating me and I feel utterly exhausted and drained.
With all this Lockdown stuff I have felt that I have had very little exercise and in recent weeks I have been getting out and pushing around to try to get my heart rate going and stuff. This is probably a good idea but I tend to make the error of coming to a particular road and thinking, “Oh, I wonder where that road leads to?” and of course I am far too stupid than to actually take my Fone with me and to use Google Maps (where’s the fun in that?).
This is such a strange time with the Coronavirus madness still dominating the Economic picture, and governments borrowing crazy amounts of money, and Central Banks mucking around and suchlike; and yet Markets just look almost like nothing can stop them going up.
It is very normal to get a Spring sell-off and it looked quite possible that something was going to start at the end of March, but again the Bulls shook it off and even the likely highly over-valued Nasdaq, kept on moving up. This ability by Bulls to repel the advances of the Bears on the battlefield, shows an underlying strength that could easily keep going. And I suspect it will.
It’s rather nice to have ended Quarter 1 with pretty good numbers on the board and I know a lot of Readers are in a similar nicely buoyant boat, and we should all be pretty pleased.
I guess if you are not fortunate to be in this position, then unless you have been extremely unlucky and worse than this, done something totally daft, your damage can’t be too bad and we still have 9 months to turn things around. Obviously sticking to the basics like buying Quality Stocks; focus on valuation; diversified Portfolio; Running Winners and not chopping their legs off; keeping calm and not panicking etc., will probably see things work out fine. |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
October 2021
Categories
All
|