Ten Things I Learnt From Last Weeks Correction

Apropos all the post- dictive self congratulatory tug fest that seems to be going on within the finance industry particularly within the financial media I offer the top things I learnt last week.

1. Market go up and market go down. If you cannot understand that as a basic premise then being involved in markets is not for you. If you are surprised by this then you probably should get a job as a financial journalist because you will undoubtedly be stunned by the fact that the sun comes up every morning such is your level of intelligence.
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Markets are pretty simple – they have times when they go up and times when they go down.