Most who’ve called me this week ask ‘will it keep going down?’, ‘should I cash in now?’ and ‘will it ever go up again?’ As you might expect, my answers are ‘No’, ‘No’ and ‘Yes’. The ‘Dotcom’ bubble started the worst crash in recent times, was shortly followed by 9/11 (the last time planes were grounded) and Iraq in 2003. Our market went down 45% but was back up in 2005. When the banks went bust, it was down 45%, and back up 18 months later, in 1987, 35% and 18 months again. So far, the FTSEs down 30%. Could go down more. But, lessons of history and all that…this, too, shall pass.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
