Down Comes The House of Cards

[Flying Fish]

I remember making houses out of a deck. Is it about to fold?

 

[explod]

I remember making houses out of a deck. Is it about to fold?

Hope you are not just trying to suck us old doom and gloom sayers in.

It has rained 80 mil hear overnight in southern Vic, the best shower for many years in one hit and looks like going for an hour or two yet.

The rain is a fact. The falling of Citigroup, Barclays and others (among the biggest banks in the world) is a fact.

When we look at the 1929 to 30s the markets crashed 80%, (which we have mentioned many times on these forums) we were talking about fact.

It is interesting that the chartists and other techos are looking for huge markets corrections. They may not happen. If we look back to 1930 the large downticks played out gradually sometimes, bits at a time. Look at the US dollar, its fall has been catostrphic, but few have noticed because it has been gradual over three or four years. Us old doomsayers have been watching it.

Anyway all of the above is only fact. I make no prediction but the current situation is dire.

However for the trader, volatility will be excellent, for the investor, bottom trawling blue chips later on will be fantastic, for the mid range speculator particular lines like food, oil, gold silver, uranium, gas and water et.al. will be excellent. For those that governments choose not to educate financially the situation is going to be dire.

Just another Sunday morning reflection.

It used to be a Sunday morning genuflection. Unfortunately the masses are now diverted by the war on terror. The awakening is nigh.

An old doomsayer.

 

[halfwheel]

The volativity on the Dow doesnt inspire me to invest money into the market at the moment. Share prices have climbed rapidly over the past 2 months and our market still seems fairly strong even on major down days on the Dow. The US is reacting to any piece of news that comes across. Theres been talk of a correction of 5 - 10 % which hasnt materialised and our market just powers on. Id be interested to hear other peoples thoughts on the state of the market. Are we in for a drop or not?

 

[explod]

The volativity on the Dow doesnt inspire me to invest money into the market at the moment. Share prices have climbed rapidly over the past 2 months and our market still seems fairly strong even on major down days on the Dow. The US is reacting to any piece of news that comes across. Theres been talk of a correction of 5 - 10 % which hasnt materialised and our market just powers on. Id be interested to hear other peoples thoughts on the state of the market. Are we in for a drop or not?

One can only deal in the facts as they exist up to today. I cannot tell you if I think the markets will go up or down.

Having said that from what I read, hear and see, the modern (1945 onwards)world financial system is under the greatest stress in its history. On that basis I have made my judgement and invest accordingly, unless you are prepared to pay a professional you have to make your own. I suspect you took little notice of the content within my post above.

Perhaps I should go back to genuflecting on Sundays.

 

[Flying Fish]

Content or contempt? lol

 

[prawn_86]

Personally, i think Aus is slighlty isolated due to its resources focus. I think that the American market should not affect us as much as it does but what can you do...

I think that we will see a continued upward movement at least until China holds the olympics, as it is mainly their buying that is helping us along at the moment, and i do not believe they will let their market crash in the near term, although it appears overheated.

Once the 08 olympics are over i will seriously consider what to do with my money. (if i still have any according to the bears : )

 

[explod]

Content or contempt? lol

"Contempt" we do not want to accept the facts, or that we have stuffed it all up.

The hardest thing I have ever had to do is tell a family that their 19 years old Son had just been killed. No easy way, just have to say it as it is.

 

[explod]

Personally, i think Aus is slighlty isolated due to its resources focus. I think that the American market should not affect us as much as it does but what can you do...

I think that we will see a continued upward movement at least until China holds the olympics, as it is mainly their buying that is helping us along at the moment, and i do not believe they will let their market crash in the near term, although it appears overheated.

Once the 08 olympics are over i will seriously consider what to do with my money. (if i still have any according to the bears : )

I am not a bear but an optimist. This market is creating great opportunities and I am doing well thank you.

My purpose is to get more to see the playing field as it really is so that they too can profit from the volatility.

Agreed the Chindia thingo is great for Auz. I do think though that with the demise of the US, both finacially and militarily Australia is going to be very vulnerable and exposed to the north.

There are big issues to be concerned with and my perspective is just from an old fart. Short term trading and money making is fine. I think when you get old you start to think about mortality and what is passing on to the Grandkids. I have no ill feeling, just trying to help.

 

[Flying Fish]

Thanks explod, and i agree. A friend was a cop and he had the duty to tell parents bad news. Not a very nice task :-( In fact I think that's why he left the job.