There is one Dirty Harry question and one sensible question an investor has to ask this week, ahead of an important profit-reporting week in the US. The sensible question is: “Are we looking at a buying opportunity?” and the Dirty Harry question has to be: “Do I feel lucky?”
Well, do ya?
I have no doubt this market slump has created a buying opportunity but luck will be required when it comes to your timing of any purchases, because the market rebound I expect will be a work-in-progress thing driven by a number of hard-to-work-out imponderables. That said, I’m sure we are in another money-making situation but the timing of when we move up again, remains a challenging matter for debate.