Apologies to all waiting to hear from me, our internet was down at home so I couldn’t update the blog. Anyway, we’ve gone past what I kept reading as a “horrible” quarter and I welcome you to OctoBear. Yeah, sorry, because as much as I would want to be happy we got a new quarter, we have to look at what’s changed so that we can definitely say we are out of trouble.
OK so looking around, we still have
!. US rate hike — still a possibility for October they said. The meeting is scheduled towards the end of the month.
2. China – growth issues and stockmarket valuation issues – still the same, if not worse (for growth).
3. Deflation — it is getting more and more evident, EU registered negative inflation. That’s certainly to watch out for – as it might affect companies’ profits.
And last week, we saw a new issue crop up because of the slowing growth in China which is ,,,, wait for it,,,, credit-risk from all those commodities companies who all borrowed for their mining ventures.
And hmmm Russia, started airstrikes in Syria yesterday. (Next door neighbour to Iran, Iraq, Saudi …. you got to check the world map! Those skirmishes might escalate (we don’t know Putin’s plan do we?) and that affects oil prices.
There are still certainly opportunities in this bear market — so please check out the Newsletter from Dr. Van Tharp.
http://newsletter.vantharp.com/public/?q=preview_message&fn=Link&t=1&ssid=10920&id=gjfipvpi9ktxf0bov976r3wu1shwo&id2=de8smp12kktw3o5fjzppqg7x9ya7d&subscriber_id=brtdktilupymuipetajjrixhqfpibok&delivery_id=aivmmmroqninheliveogqwcfooeubli&messageversion_id=buddrmmnzkvunqkoqasbuvvdmwurbpj&tid=3.Kqg.BBpJYA.EBbN.AdXI-Q..AjevrA.b..l.A3BP.a.Vgwl5g.Vgwl5g.atyt_g
