I have just returned from a rather extended breakfast with someone to find that the market has continued to crap itself. You might ask how I can only just be getting back from brekky at 11.30 – surely I would have been in front of the screen from first light.
Nope……not a chance, but I do have to declare a personal interest. Those who are beta testers of our advisory service will know that I have been long gold and short equity indices for a little while. The reason I hold these positions is that the system told me to which is also the reason I am relaxed about what is happening in the market. You cannot control the market but you can control yourself and your interaction with the market and this control is achieved by having a plan.
If you have the misfortune to listen the financial press looking for some ray of hope among the carnage, then you are stuffed. You have no hope because listening to talking heads who have very little idea about the market is a quick way to the poor house.
