It’s Sunday Night on Valentine’s Day and Heart Radio (the only channel that gets decent reception and is just about bearable) played Leona Lewis ‘Bleeding love’ earlier - which made me think of how I have been Bleeding Cash this year……..
It really has been a shocking start to the year - already I am down about 11% on my Exposure and that includes selling some stuff and having some Big Hedges - but sadly I took this action too late and a lot of damage had already been done. With such a poor start, it really feels to me like this is a ‘Damage Limitation’ and ‘Capital Preservation’ kind of year and any dreams of making 20% + Profit for the Year are pretty much distant memories.
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China
Here is a quick view of my thoughts on China and why I am not overly concerned by it. China is now the World’s second largest Economy in terms of GDP and as such obviously has a large impact on Global GDP Growth. A Slowdown in China will drag on Global Growth but it will not have the impact that it might have had 4 or 5 years ago when the rest of the World was really in a mess following the Credit Crunch. That situation is very different now, the US and the UK are firing on all cylinders and after a difficult period in recent years, even Europe is starting to perk up. |
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