I predict

[Wysiwyg]

Spot on then Obama will give us a lift at 12:00 noon Jan 20th on Inauguration Day 2009 - then by about 3PM that day everyone weill realise thats not going to work and well... I cant think of anything to look forward to after that except picking up bargains at some point, but of course they're only bargains if they will grow within a reasonable time.

Lets not forget the key driver for the majority of humanity ...

Optimism is an outlook on life such that one maintains a view of the world as a positive place. It is the philosophical opposite of pessimism. Optimists generally believe that people and events are inherently good, so that most situations work out in the end for the best.

And surely U.S. houses are being bought or paid off with federal funds rate at 1%.Would you be borrowing with interest rates so low?

 

[nunthewiser]

What have you read exactly?

?? as in ??

read in regards to what ?

 

[MR.]

?? as in ??

the masses not changing their spending habits. Just wondered if you have some figures or something that's all. It is a little early I thought yet though.

 

[nunthewiser]

the masses not changing their spending habits. Just wondered if you have some figures or something that's all. It is a little early I thought yet though.

nah m8 my post was in reply to gundini,s query re capitulation of the market, from what im reading and seeing is that ppl still buying , im personally waiting for ppl to throw there hands in the air and give up b4 i start looking at a bottom being found

 

[MR.]

nah m8 my post was in reply to gundini,s query re capitulation of the market, from what im reading and seeing is that ppl still buying , im personally waiting for ppl to throw there hands in the air and give up b4 i start looking at a bottom being found

Cheers, re-read posts. Took out of context.

----------------------------------------------------

 

[MrBurns]

Interest rates will fall to 3% perhaps 2% by June next year.
It's just lucky we have the room to move.

Savings income will suffer but perhaps the capital will be safer.

ASX down to early 3000's within 6 months.

Commodity boom bust and financial institutions problems means we have nothing to hold it up.

Property will collapse within 12 months perhaps less, commercial and residential will all go

Recovery ..well cant see that far ahead just yet.

And so I advise............

Ok NOW I'm officially a genius.

ALL ORDS 3430.5 -82.6

I think the rest of my predictions are on track as well, perhaps I was even a little conservative, the timings are way out things happening a lot sooner which I thought could be the case as this is an extreme situation.

 

[MrBurns]

I have a nagging feeling that we may see a major downturn very soon, within 2 weeks.
There's no good news on the horizon, interest rate drops do nothing any more, bailouts do nothing any more, GM in the US may be allowed to go under, China is struggling and all we have to look forward to is more retail and unemployment woes = banks will be revalued down again BHP and RIO must take a big hit soon and all retail will fall.

Doesn't mean anyones going broke but many people that work for these companies will be sacked, profits will be down, people will still buy groceries but not as many as often and all the BS spending on extras will go.

These people have mortgages, so there goes the housing market.

Cheery aren't I ?

Have to say it as you see it, could be wrong, ME ? naaaa.

 

[cbacamden]

Hah - Mr Burns I really hope you are wrong

but if you are right it will be the end of the world as we know it.

I still dont see it myself, but then again I thought 4000 was the bottom.

Think I will trade the volatility with each way - I dont have the confidence to go long any more

 

[MrBurns]

Hah - Mr Burns I really hope you are wrong

but if you are right it will be the end of the world as we know it.

I still dont see it myself, but then again I thought 4000 was the bottom.

Think I will trade the volatility with each way - I dont have the confidence to go long any more

Who knows ?, I think I'll start buying about March, it will surely have bottomed or started to recover by then without the volitility.

 

[MrBurns]

Here we go , just in -

Westpac report spells more economic woes

Australia's projected economic growth pace has suffered the biggest monthly slump since the mid-1980s, which increases the risk of a recession in early 2009, a report shows.

The Westpac - Melbourne Institute index of economic activity, which indicates the likely pace of growth three to nine months into the future, was 1.1 per cent in September, down from 3.5 per cent in August.

Westpac chief economist Bill Evans said the slump in the leading index was the biggest monthly drop since the mid 1980s.

"This is a very disturbing fall in the growth rate of the leading index," he said.

"That represents the largest percentage point fall between two months since the mid-1980s - sharper even than we saw in the 1990/91 recession."

etc etc

http://www.businessday.com.au/business/westpac-report-spells-more-economic-woes-20081119-6ate.html

 

[Indie]

There's no good news on the horizon, interest rate drops do nothing any more, bailouts do nothing any more

What amazes me is that so many people think that governments can do something meaningful to fix the mess we are in. Which only says to me that we still have a long way to fall before this is all over. Less than one year into this so many people are predicting a quick turnaround in the next 6-12 months. This unwinding will take years from the lofty highs of peak debt. Australian consumers won't even begin to feel the pain until property takes a hit, and that hasn't really happened yet.

 

[Ageo]

What amazes me is that so many people think that governments can do something meaningful to fix the mess we are in. Which only says to me that we still have a long way to fall before this is all over. Less than one year into this so many people are predicting a quick turnaround in the next 6-12 months. This unwinding will take years from the lofty highs of peak debt. Australian consumers won't even begin to feel the pain until property takes a hit, and that hasn't really happened yet.

Correct and by government interference will only delay the inevitable.........
By letting the free market do its job it will fix itself overtime (and let go many of the companies who shouldnt have been there in the 1st place).

I wonder when all the credit car, car and other loans all go belly up? Thats another trillion dollar industry.......

 

[nunthewiser]

I predict

Oprah winfrey to be caught under obamas desk within a year

 

[rico01]

I predict

Oprah winfrey to be caught under obamas desk within a year

And Obama will reply " I did not have sexual relations with that girl"

Thats standard for presidentes isn,t it!

 

[Glen48]

Mr. Burns you are correct except for the rate cut it will be down to 1- 2% by March.
I love your show and your no holes barred way of running the plant and a low carbon footprint.

 

[MrBurns]

Mr. Burns you are correct except for the rate cut it will be down to 1- 2% by March.
I love your show and your no holes barred way of running the plant and a low carbon footprint.

Thank you - A lifetime of working with nuclear power has left me with a healthy green glow... and as impotent as a Labor Party front bencher.

 

[prawn_86]

I predict:

Once I finish my finance degree im going to holding a cardboard sign and dancing like a flamingo for my daily 'hobo' show

 

[nick2fish]

and as impotent as a Labor Party front bencher.

You been talking to Waynes wife again Mr B ??

 

[Miner]

I predict:

Once I finish my finance degree im going to holding a cardboard sign and dancing like a flamingo for my daily 'hobo' show

Hi Prawn 86.

YOu probably will realise after finishing your finance degree that you become so knowledgable that risk taking ability has gone and you will not be able to say any thing without giving two pages disclaimer

So long you do not follow the Financial whiz kids in Lehmann Bros means you have done an excellent job.

Jokes apart all the best in your goal and be a successful one. (Do not forget to participate in ASF still )

 

[Glen48]

Mr. Burns seeing as you are an impotent man on this forum I think it is only fitting you dress in Top hat and tails so people passing by will know just how impotent you are and some one to be admired.
Do you glow greener the closer the bottom gets so we mere St Kilda punter will know when to fire up again and get back in to RE with renewed vigour and wait for our investment to double every 7 years??
No doubt you are fully loaded with ERA shares and unlike others you don't need to open your mouth to change feet.