As an investor the way I counter the market gloom is to understand the underlying causes and ignore the headlines – they won’t alter the markets one bit, but they can alter your mood and that can lead to bad decisions.
The bears are out in force, stalking prey. And they’ve had a great couple of weeks no doubt filling themselves by gorging on all the fear. We suspect – as tough as it may be to conjure up why given all the headlines – that they will be pressed back into hibernation sooner than expected.
There’s a unique level of excitement that surrounds $multi-billion tech IPOs – considered the sexy end of the investment market – despite the majority having no discernible profitability, revenue streams or solid future plans for same.
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