Bottom picking the All Ordinaries

[wavepicker]

Despite our heated exchanges in the past, in this rare instance I agree!! Some interesting stats below:-

The Dow was down 10.9% in June. We went back to January 1940 and found that the Dow has only had 9 other down months of more than 10% declines. As you can see from the table below, in 8 of the 9 instances, the Dow was higher 6 months later. So a rally could be in the making soon, but IMO this will only be just that, a rally in a bear campaign

 

[sassa]

4000 in the next 12 months, maybe within the next 6 .. 10,000 on the Dow Jones also seems a given during that time.

Little positive sentiment left, no safe sectors now, no chance of a quick recovery.

If these analysts are correct,there will be a few wrong prognostications by our contributors in this thread.

uly 7 (Bloomberg) -- Deutsche Bank AG, Lehman Brothers Holdings Inc. and UBS AG say the Standard & Poor's 500 Index will gain the most in 26 years during this year's second half

Strategists at Deutsche Bank, Lehman Brothers and UBS are the most bullish and expect the benchmark for American equities to climb to a record in the second half. Binky Chadha, Deutsche Bank's New York-based chief strategist, says the S&P 500 will end the year at 1,650, up 29 percent from June 30

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTjWQbjpkpxk&refer=home