We’re All Doomed – are we not?
The papers seem to be full of pundits predicting that “the end is nigh” for stock market valuations at their current level. And if, or when this happens, no doubt there will be a few people proclaiming that they saw it all coming. But the so called melt down that pundits are talking about if it did happen, and it is still an ‘if’ whilst this would hurt, you have to remember that history tells us that this is probably a rare event, in fact a very rare event. The question I would ask anybody is does it actually matter? If you are investing money into the financial markets it should be medium to long term funds anyway. Of course we would all love to be able to ‘get into the markets’ just after a crash, and maybe get out just before one. In reality this isn’t going to happen. That’s because nobody really knows, honestly, even the Mail and the Express.