I’ve updated my Stock Market Seismometer (see separate page tab above for details) for the month ending April 2009. I don’t work in the finance industry, and I’m not qualified to provide financial advice, but it seems that perhaps (just perhaps) the stock market has hit the bottom. I’ll very likely live to rue that prediction. The pundits say it’s a dead cat bounce with a lot worse to come. But over the last couple of months the Australian Stock Exchange All Ordinaries Index has, at least according to my crude measure, started to reverse out of the massively over-sold territory. There’s a long way to go before I’d describe the stock market as being anything like “in control”, but at least we’re now heading in the right direction.
What an amazing roller-coaster ride. I’m feeling a little bit woozy from it all.
As an aside – I can’t give you financial advice, but I can at least take my own. I’ve decided that now is as good a time as any to put a bit of my own money into a managed fund. So I guess we’ll see what happens.