Re: Where is the bottom ?
in response to
by
posted on
Aug 05, 2011 03:30AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Hi Dave
My exposure to stocks is not big anymore.Though I had a lot of cash available since the sell of my parents property I put the money in safe vast rented paper.And that was not a bad thing.In the beginning I thought to buy stocks again with a part of it but I didn't.i stick to my plan to divide money into cash ,vast and secured rented funds and a part in stocks.
The older you get it's better to lower the exposure in stocks.
As for CLL.I set no stop.Like all heavy ups and downs in the markets the reason will come back.For CLL selling at these lows is maybe a little to late.Looking on the chart in worst case a touch at 0.80 level could be.There is a run away out of stocks now to buy bonds by big funds.On th eother hand besides the bad news we hear I read also that there is a big ask by interim bureau's searching for skilled people.Many countries are in trouble with their debt situations also encouraged by the rating bureaus who play IMO a dirty role in it by constantly lowering their rating despite the measssures taken.But on the other hand companies are doing not that bad .
Though current days it's no that pleasent to look at the stocks till end this year things could look different.Inflation at least will held down ,