RSS FeedElectricians Strike, Market Strikes Gold
Posted by Senan
So far this summer I've been sitting on the sidelines. I have my eye on several companies with a view to making 2 or 3 small share purchases. When markets began, and continued, their rally from the March '09 lows, each week I figured I'd missed the boat, and the resulting correction would be around the corner. I also had the old 'Sell in May and Go Away' trading saying holding me back. Now of course we are in correction mode...and I'm still sitting on the sidelines waiting for the next bottom! Lesson: don't try to time the markets.
The electricians strike continues in Ireland. I'd love to see somewhere a bullet point list somewhere of the arguments of both sides. On the face of it, given the current economic condition, it seems a crazy action to take. On the other hand, someone told me recently the 11% raise is already paid to contractor bodies, just not passed onto contractors themselves. Is this true?
Dizzying arrays of economic updates appear apparently on a daily basis. Most gloomy. Today however the IMF raised its 2010 growth forecast to 2.5% (from 1.9%). The devil is in the detail of course and not all economies will recover at the same pace. It suggests the US and Japan will lead strongly. My guess is Ireland will not.
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