Don’t follow me down this road. Contrarian moves.

The markets took the single biggest battering since the 20% fall off experienced in the 1987 crash. It came on the back of a rejection of the $700 billion bailout plan in the USA. The markets had earlier rallied based on the belief it would go ahead. The S&P dropped 8.8%, the Dow is down 7%.

This is first for me, I was alive and well in 1987 but I wasn’t in the workforce and did not have a full appreciation for what was happening. This is the first big crash I will have worked through, the dotcom crash was no fun, but it was not as big as the mess we seem to be seeing form in the finance world.

In belief that everybody will run scared I am choosing to stay, tomorrow I will buy Irish financial stocks (Tuesday 30th Sept), I’m saying this on record, so if I lose then I lose, that can’t be glossed over. My intention is to get a small portion of the most distressed shares I can buy and to purchase them …

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Don't follow me down this road. Contrarian moves.

The markets took the single biggest battering since the 20% fall off experienced in the 1987 crash. It came on the back of a rejection of the $700 billion bailout plan in the USA. The markets had earlier rallied based on the belief it would go ahead. The S&P dropped 8.8%, the Dow is down 7%.

This is first for me, I was alive and well in 1987 but I wasn’t in the workforce and did not have a full appreciation for what was happening. This is the first big crash I will have worked through, the dotcom crash was no fun, but it was not as big as the mess we seem to be seeing form in the finance world.

In belief that everybody will run scared I am choosing to stay, tomorrow I will buy Irish financial stocks (Tuesday 30th Sept), I’m saying this on record, so if I lose then I lose, that can’t be glossed over. My intention is to get a small portion of the most distressed shares I can buy and to purchase them …

Read More