Great day to deploy capital :-)

[investorpaul]

I gave up reading zerohedge.

I spent most of 2009 and 2010 being bearish given the soverign debt issues, etc

But now I try and be as neutral as possible. When you classify yourself as a bear or bull too often you ignore either the positives or negatives (depending on what camp your in)

If you live in America then yes your world may be collapsing (as per the constant zerohedge articles remind us) but opportunities will rise somewhere else.

I much rather live in Australia where we will never be "Number 1" but can hopefully remain in the top 20 - 30

 

[ROE]

There is always something bad going on around the world

Make sure you invest in business that can withstand bad news
then when stuff is cheap, it is good news all around for you even
a few countries or banks went belly.

 

[McLovin]

I gave up reading zerohedge.

I spent most of 2009 and 2010 being bearish given the soverign debt issues, etc

But now I try and be as neutral as possible. When you classify yourself as a bear or bull too often you ignore either the positives or negatives (depending on what camp your in)

If you live in America then yes your world may be collapsing (as per the constant zerohedge articles remind us) but opportunities will rise somewhere else.

I much rather live in Australia where we will never be "Number 1" but can hopefully remain in the top 20 - 30

I don't disagree with you, I find most bloggers take the "sky is falling in" approach to blogging. I only posted from ZH because I can't find the original article on Bloomberg.

 

[So_Cynical]

Just my opinion but yesterday would have been a better day.

+1

 

[nulla nulla]

Yesterday was a buying day, today was a selling day. IMO.
I expect tomorrow for the xao to fall back. If it holds, great. If it goes higher I will be amazed.

 

[VSntchr]

Yesterday was a buying day, today was a selling day. IMO.
I expect tomorrow for the xao to fall back. If it holds, great. If it goes higher I will be amazed.

Up again. Question is, is it time to sell the shorts..or sell the stocks!

 

[investorpaul]

I don't disagree with you, I find most bloggers take the "sky is falling in" approach to blogging. I only posted from ZH because I can't find the original article on Bloomberg.

McLovin I agree about the 'blogger' part as well.

I notice alot of bloggers say that the "mass media" just feed the positive hype to the masses and in general I agree with this. But then these same bloggers ignore any positive news and talk as if the world is going to collapse tomorrow.

I would love to find a great blog that has a balanced opinion on both positive and negative news, however, I guess the whole idea of blogging your throughts appeals to those who are very opinionated on the matter one way or another.

 

[McLovin]

McLovin I agree about the 'blogger' part as well.

I notice alot of bloggers say that the "mass media" just feed the positive hype to the masses and in general I agree with this. But then these same bloggers ignore any positive news and talk as if the world is going to collapse tomorrow.

I would love to find a great blog that has a balanced opinion on both positive and negative news, however, I guess the whole idea of blogging your throughts appeals to those who are very opinionated on the matter one way or another.

I think Bronte Capital is probably the best Australian based blog. Although it tends to be more focused on equities and company analysis rather than macro issues. John worked at Platinum and has a particular interest in shorting Chinese equity frauds which if nothing else makes for interesting reading!

I also like Stableboy Selections and The Aleph Blog

I used to like Houses and Holes when it first started but I'm finding that the new MacroBusiness blog is turning into a Doomsday cult.; there is too much Groupthink going on.

Maybe we should start a blog thread?

 

[Gringotts Bank]

Could go to 4400 if Eurozone sentiment remains positive.

4400 is the top of the channel above the one it just broke out from yesterday.

 

[nulla nulla]

Okay, I am amazed. Huge rally with a small drift back before close (in my shares anyrate). Tonight on the international markets will be very interesting, bulls on a rampage or bears back out of their caves?

 

[Gringotts Bank]

Could go to 4400 if Eurozone sentiment remains positive.

4400 is the top of the channel above the one it just broke out from yesterday.

Just blowing my own horn here. Toot.

Also to say that I think now is the time to deploy again. AORD is teetering on the brink of a very big symmetrical triangle breakout... to the upside. That plus the pSAR (.017,.017) indicator has been broken to the upside, which is a very reliable indicator to use on the Ords. I don't think it has ever failed to add at least 5% on breaking it.

Yet one more very positive sign was the markets' (US, AUS) ability to shrug off the World Bank's recent warning of a recession in 2012 worse than 2008.

Load up.

 

[notting]

Feels like it's rolling over.

 

[Chasero]

Just blowing my own horn here. Toot.

Also to say that I think now is the time to deploy again. AORD is teetering on the brink of a very big symmetrical triangle breakout... to the upside. That plus the pSAR (.017,.017) indicator has been broken to the upside, which is a very reliable indicator to use on the Ords. I don't think it has ever failed to add at least 5% on breaking it.

Yet one more very positive sign was the markets' (US, AUS) ability to shrug off the World Bank's recent warning of a recession in 2012 worse than 2008.

Load up.

Yep, can see a few charts here for bullish views: NASDAQ one shows it nicely

http://www.avidchartist.com/

 

[robusta]

Just blowing my own horn here. Toot.

Also to say that I think now is the time to deploy again. AORD is teetering on the brink of a very big symmetrical triangle breakout... to the upside. That plus the pSAR (.017,.017) indicator has been broken to the upside, which is a very reliable indicator to use on the Ords. I don't think it has ever failed to add at least 5% on breaking it.

Yet one more very positive sign was the markets' (US, AUS) ability to shrug off the World Bank's recent warning of a recession in 2012 worse than 2008.

Load up.

Depends a bit on your strategy but for someone like me who likes to buy the dips I think there may be better days ahead to deploy capital.

 

[suhm]

I actually have increased my position over the last couple of weeks, seemed like people were getting over the bad news. I.e. market going up in spite of negative newsflow.

Not sure its a difinitive move up more likely range trading again but going to the top of the range instead.

 

[So_Cynical]

Just blowing my own horn here. Toot.

Also to say that I think now is the time to deploy again. AORD is teetering on the brink of a very big symmetrical triangle breakout... to the upside.

Load up.

Nope....August > October was the time....as posted by myself, robusta and ROE at the time.

Toot toot.

 

[suhm]

Nope....August > October was the time....as posted by myself, robusta and ROE at the time.

Toot toot.

Really? You had a 1 week window in August and a 1 month window sept-oct to buy cheaper than the current price, smaller for any significantly large difference in XAO, individual stocks may have performed differently but the market has largely range traded during that time.

Seems to be taking a more measure approach to the top of the range this time and my thought was that this time there would be a greater chance of cracking the 4400 mark significantly.

 

[Tyler Durden]

Maybe I'm just being negative, but I have a gut feeling this is just a build up for a smash down later this year.

 

[So_Cynical]

Really? You had a 1 week window in August and a 1 month window sept-oct to buy cheaper than the current price, smaller for any significantly large difference in XAO, individual stocks may have performed differently but the market has largely range traded during that time.

Charts don't lie..August > October clearly saw the low point and had slightly lower highs therefore was the time to buy...look at the average line, we are above that now so by my way of thinking past the "best" time to buy....others look at rising markets differently.
~

 

[suhm]

I'm pretty sure your chart is making my point. Look how long the market was below your average line, 1 week in August and 1 month sep-oct otherwise you have bought above the average with the market not much above the average at present yet.