It aint over till its over
I cant help but think that with the markets having run as hard as they have since their lows in November last year and March this year (JSE is up >34% since then) that either we have been duped into believing there was a huge crisis which never actually existed and have now missed the best buying opportunity (perhaps ever), or else, the crisis is not over, the issues have not suddenly gone away and things have not returned to normal as we knew it. As a result there is probably still quite a bit of volatility lurking about…if you are investing money, be careful…
At this stage I would be inclined to phase funds in over the next ±3-6 months to try to iron out some of the potential volatility that is still lurking. I don’t think it is over yet…
So take a step back from all the noise around you (in the form of the daily newspapers, websites and TV shows) and get a little perspective. Also give some serious thought to investing funds offshore – developed markets are still offering reasonable value and the rand is still strong (remember we were at R14/$ at and R20/£ at one stage).
Thats’ all for now
