white_goodman
BOC
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i predict that too...
in all honesty i think we may be in for a bounce for a day then back down down
I predict
- Thread starter MrBurns
- Start date
i predict that too...
in all honesty i think we may be in for a bounce for a day then back down down
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time tells all and im only talking a short lived bounce
yeah m8 , no sunshine and lollipops anywhere yet but gotta have a breath before total submersion
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I'm beginning to think my original predictions time frame was way too generous, this is progressing like a run away freight train.
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spot on monty, this monster is taking over.
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I cant predict anything, unless of course, this is gonna get real bad.
This is a nighmare, and I seen them all since I was a lad in the fifties. Nothing was ever this bad, even '87. This is not your normal bull run, this is a crash driven by a different set of fundamentals. It is not just herd mentality, there is something else, far more sinister, going on here.
This is a nighmare, and I seen them all since I was a lad in the fifties. Nothing was ever this bad, even '87. This is not your normal bull run, this is a crash driven by a different set of fundamentals. It is not just herd mentality, there is something else, far more sinister, going on here.
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I predict the sun will rise in the morning. Some of us will wake up with a hangover (from alcohol and not our financial worries) and that the world won't end. People need to get over their fixation on material possessions and just enjoy life. Oh look, there's a chicken in my back yard bitchin' that the sky is falling.
**Flashes back to the 90's and starts to sing**
"Don't worry. Be 'appy."
**Flashes back to the 90's and starts to sing**
"Don't worry. Be 'appy."
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Only as a desperate action to keep the ecomony moving a little, you can see what the drop did yesterday though...nothing, it will have to come down a bit more first before people will start to get moving again after it bottoms out.
I hope the drop yesterday doesnt sucker people back into the property market though, that would be almost criminal.
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I personally cant see any reason to buy but I predict the market will up by 100 today.
(I reserve the right to edit this prediction at any time up til 4pm)
(I reserve the right to edit this prediction at any time up til 4pm)
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mb
hope so (up 100 that is)
and btw, I predict that a lot of us will be working way past when we planned to retire
At least it keeps the workforce numbers up I guess.
(won't help kids trying to get jobs though)
hope so (up 100 that is)
and btw, I predict that a lot of us will be working way past when we planned to retire
At least it keeps the workforce numbers up I guess.
(won't help kids trying to get jobs though
)
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I predict that the ASX200 will hit 20,000, someday that is. Just a reminder that time will heal this blip in the countries development.
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Ah yes. Why stop at 20,000? Why not 100,000? 1,000,000?? Infinity????
That's IT!
It's the INFINITE GROWTH THEORY that will drive the planet onwards to ever greater highs.
Hmmm. I have a gut feeling that somewhere along the line, the ebullient IGT'ists might become sorely disappointed. Hope that doesn't happen in my remaining (relatively speaking) short lifetime. But I won't be at all surprised if it does come to pass before I kick the bucket.
aj
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I predict close at 4300 today and then bottom out at about 4050 over the next few months following the lead from the US. Our market is becoming more closely aligned with that of the overseas markets. ie. people wake up in the morning, read about what happened overnight in the USA and then follow suit.
Still some money to be made though.. i made $100 on BHP yesterday even through all the carnage! w0o0p!
Still some money to be made though.. i made $100 on BHP yesterday even through all the carnage! w0o0p!
Glen48
Money can't buy Poverty
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I note this down turn seem to have gotten worse since Daylight saving came in.
The only good news here in QLD the pain starts to drop off at 3pm instead of 4 now I get nogains headaches instead of megains.
Once Harvey Norman starts to go down we know the bottom is close.
The only good news here in QLD the pain starts to drop off at 3pm instead of 4 now I get nogains headaches instead of megains.
Once Harvey Norman starts to go down we know the bottom is close.
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Prediction adjustment - down 100 not up, if the US can reverse like that so can I
I'm yet to see great falls in the major stocks, but soon no doubt.
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In my mind (didn't say it out load to anyone) , I predicted 4300.
Looks like I was wrong. Now 4250.
Looks like I was wrong. Now 4250.
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1. All the excessive leverage and other activities of the investment banks and central banks.
2. The reality that the system has either two modes - constant growth or outright collapse. Economic growth by its very nature requires energy (particularly for transport) - but with oil production flat for 3.5 years the wheels have fallen off the growth train in a big way.
We've leveraged up to the max, a strategy that relies absolutely on future growth, just as the means for growth, oil, has tapered off. That's what's different this time.
The biggest long term impact from all of this in my opinion is that it will likely cut off funding for energy development, thus accelerating the decline in oil production and halting the development of alternatives. If that does happen then we're locked in to negative GDP growth (globally) for years to come - and that's what most people call a depression.
Shouldn't we almost feel a sense of privilege that we are part of history here?
When we look back we will remember that these times were the worst times in the markets. Those that follow will be looking back and analysing for the next 50 years as to why, what happened, the fallout, and the how the recovery began. The world was changed, just as the world changed after 1929. Maybe it's not something that we will be looking at fondly, but many lessons will be learned. In terms of our market, I have a final bastion support of 4000 on the XAO. A break of this is actually a break of a 25 year bull market that began in 1982.
If 4000 is breached "all bets are off", and I would be looking at targets such as 3500 and a full retrace of the market since 2000... Beyond that, who knows.
Attachments
The difference this time,as I see it, is that the recent boom was done with "funny" money. Money that was only a figment of the imagination. It was pyramid selling on a grand scale. People buying and selling something they didn't own with money they didn't have and didn't exist.
However I do predict that it will not last for long. This will shake out the pyramid sellers and show up the real producers of wealth who will eventually come out on top.
A lot of young guns will have learnt the hard way that slow and steady wins the race, look after the pennies and the pounds look after themselves, neither a borrower nor a lender be, etc. The things we found out from parents who struggled to bring us up during and after the big depression.
