Timing

Having just said that I may well invest in EZCH due to its sudden drop it occurred to me to write about timing. Right now I think the market looks extended and if you read my report on Bonds you will see that something is not right here. So timing is everything. Yes I think at $27 EZCH represents value. But if the market experiences a 10% sell off which it may well do in the next 3 months, then the stock may come down another $5 making a purchase today look expensive. Keep an eye on the fact that the DOW is at its peak since 2009 and Europe is still very shaky. It is very simple, Europe with its huge global buying power is holding up the progress of global markets right now. If that unknown is removed I think markets might rise by as much as 20% globally over the next year, but its a big if!!  Look at the big picture and Europe's large population of comparatively wealthy citizens are holding back. Whats is offsetting them? China, yes but China is in early stage development still. The USA is holding up well considering one of its biggest markets is on hold, but if Europe doesn't come out of this madness soon all hell may break loose as investors flee uncertainty.