Don't buy now - wait for the tide to retreat completely

Markets have fallen steeply since the start of the year, and the FTSE 100's key level of 6,000 has been breached. But wait for the tide to ebb fully before getting back into stocks.

The front page of what was then called the "Onassis" newsletter, issue number 550 dated 2nd August, simply said "The tide is going out".

It is probably sufficient now to just say "The tide is still going out" and then move on because the important long-term opportunity to re-invest in stock market investments globally will not occur until the tide has fully ebbed.

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