When a colleague asks ‘Is it true the US market has never fallen in a US Presidential election year?’, you know it’s time to take an objective look at a number of stock market ‘rules of thumb’ that are being discussed at the moment......
An old saying maintains that markets are essentially driven by greed and fear. The greed of waiting for just one more tick in our favour versus the fear of leaving an investment decision too late........
With news that makers of the movie ‘Wall Street’ will be making a sequel called ‘Money Never Sleeps’ maybe it is the time to follow the old (and new) raiders again.
In times of financial crisis there is always a call from somewhere for financial firms to be regulated further. Gordon Brown has recently talked of creating an ‘early warning system’ in the financial markets if not from voluntary submissions then by regulation.
My 13 year old son is an inquisitive sort. He was asking me what a ‘recession’ is. Of course the ‘PlayStation Generation’ have an attention span of a few seconds at most, so describing it as ‘two quarters of negative growth’ would have seen him glaze over and move on to the virtues of the new ‘Halo’ game.
If success in the property world is down to Location, Location, Location then success these days in the financial world is down to Compliance, Compliance, Compliance.
