The Markets

Time to take a longer view of your investment returns I think. The papers seem to be full of pundits predicting that “the end is nigh” for stock market valuations at their current level. The auguries being cited seem to cover everything from the black arts of the Chartists, through to references to the “hallowed investment gurus” whom you are not able to criticise. From crossed graph lines to the interpretation of “Buffetery”, I am sure someone will soon be referencing the rooks flying over the City before long. So yes there will be a stock market pull back or even crash – but when nobody, of course, actually knows. When it happens there will be no doubt one who called it right, but that will be likely to be amongst the very few and the very lucky. The real question is actually – does it matter? (more…)