Email of the day
Comment of the Day

December 16 2011

Commentary by David Fuller

Email of the day

On feedback: (Note: due to a technical issue, Email 4 on Tuesday did not appear in the Subscriber's Area as intended. On discovering this today, I have now added it to Tuesday's copy and also reproduce it here for subscribers' perusal):
"I value my Fullermoney subscription. In particular the daily audios and the Chart Library. These are very, very difficult markets and David and Eoin do a great job of remaining logical and interpreting the market price action. The charts remain key because the volume of market information is overwhelming for any of us to make sense of.

"Short comings of Fullermoney. I think you identify good entry levels for trades but possible not so good exit points. I would sympathise picking exit points is never easy simply because you are trading against market sentiment. It's also I think compounded because I believe all global asset classes are being re-priced. Having exit price in your head is dangerous because market rallies most often disappoint on the upside. I think this is ongoing and I don't see any sign that this repricing of global assets has yet peaked or finished.

"Globally: I am encouraged by global trade trends which show that Asia, India, Africa, Middle East and Sth America are not so reliant on trade with the first world because this unique group of nations are essentially trading with each other. True trading volumes amongst EM nations with each other is growing phenomenally fast. For example South Korea's trade with other Asian nations has risen 260% in the last decade while trade to its Western partners is up 30% (essentially hardly keeping up with inflation). By the way Indonesia and Australia are part of this dynamic global trading group.

"So - I still like the Fullermoney themes. I see the Western nations Europe & North America as broken. I repeat broken. Fixing the finances of Europe and US will take many decades (I repeat many decades) so we need to focus our investment strategies in the dynamic areas of the global economy.

"Is this input OK. If this sounds critical I do apologise."

David Fuller's view Thank you for an excellent and well considered email, with which Eoin and I agree. Therefore to pick up on your last sentence, your input is not only OK but also very welcome, and there is certainly no need to apologise for constructive criticism. We use it ourselves, believing that one can always improve analytical skills.

Fullermoney is first and foremost an interactive global strategy service. We learn from each other; read extensively for perspective and to question, and price charts remain crucial to strategy decisions for the reasons you mention in the first paragraph. These, along with our behavioural approach, are the keys to Fullermoney's Empowerment Through Knowledge theme.

I should also add for occasional visitors to this site that Fullermoney is not a 'tip sheet'. We do not tell people what to do. Instead, we aim to provide a platform of ideas and tactics to help people make their own decisions. Input from our Collective of Subscribers remains an invaluable asset in this analytical process.

Incidentally, Eoin's and my personal trades and investments are not something that we do for the Fullermoney Global Strategy Service. Instead, they are information that we choose to share with subscribers because most of us have very similar objectives in terms of wealth protection and creation.

Exit points are tough for the astute reasons mentioned in the email above, plus the additional volatility that we are seeing, more often in ranging rather than trending patterns.

It is nice to see the Fullermoney themes independently reaffirmed. The vehicles can change, sometimes in a cyclical fashion. In this challenging year many of the Autonomies, including Dividend Aristocrats, remain runaway out performers and I am very glad that we have been able to highlight them for subscribers.

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