It will be like waiting for the dawn after a bad blow during the night and knowing the devastation that you will see when dawn breaks. Been there done that.
Imminent and severe market correction
- Thread starter Uncle Festivus
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It will be like waiting for the dawn after a bad blow during the night and knowing the devastation that you will see when dawn breaks. Been there done that.
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I didn't realise that Goldman were actully members of ASF. This should improve the creds of ASF ......
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Strange we are all so focused on China to save us these days
Worrying news re Japan ?
Asian slide ?
The good news is
the Olympic media circus is about to roll into town
Than most of us can whistle dixie for a few weeks
BOJ's Nishimura Says Japan May Have Recession, Mainichi Reports
By Lily Nonomiya
July 29 (Bloomberg) -- Bank of Japan Deputy Governor Kiyohiko Nishimura said the economy may fall into a recession as higher costs stagnate growth, the Mainichi newspaper reported.
Worrying news re Japan ?
Asian slide ?
The good news is
the Olympic media circus is about to roll into town
Than most of us can whistle dixie for a few weeks
BOJ's Nishimura Says Japan May Have Recession, Mainichi Reports
By Lily Nonomiya
July 29 (Bloomberg) -- Bank of Japan Deputy Governor Kiyohiko Nishimura said the economy may fall into a recession as higher costs stagnate growth, the Mainichi newspaper reported.
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personally i dont consider the rorting that is going on where banks and the wealthy are being saved from their stupidity and greed as socialism. its just plain stealing.. from the people/state. socialism often causes stealing, but socialism isnt actually stealing.. hehe
i consider socialism the ideal of getting people out of the rat race mentality that makes them want/need to borrow so much to have more goods than their neighbor. the ideal that we dont import oranges from brazil but we support our own riverland even if its products cost a little more..
i consider socialism the ideal of getting people out of the rat race mentality that makes them want/need to borrow so much to have more goods than their neighbor. the ideal that we dont import oranges from brazil but we support our own riverland even if its products cost a little more..
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Another months tops and we will have reached bottom ... then we just have years of very low returns and recession.
Plus the asx being back where it was 2-3 years ago is in any event a big backward step in real terms.
Cant see it going less than 4500 esp with just a few decent earnings announcmements.
Plus the asx being back where it was 2-3 years ago is in any event a big backward step in real terms.
Cant see it going less than 4500 esp with just a few decent earnings announcmements.
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with what the market has been doing lately i have not made enough to splurge on a GT3... cant wait for us to find bottom though, should bring many opportunities.. i only worry that it might a long time before we do find bottom..
i see someone above has predicted we have hit bottom already.. did i understand the post correctly?
Anyway, did anyone see Gerry Harveys interview on Lateline Business? he was hilariously frank. He's been buying and buying in the last 12 months, harvey normon, westpac, nab etc etc and all are going down and he buys more and more and keeps going down.
he was then asked if he will keep buying and he said that he's lost the courage to keep buying.
How soon will we find bottom, how low will it be and will the market drag resource stocks down a lot with it?
Anyone have any answers?
LOL
i see someone above has predicted we have hit bottom already.. did i understand the post correctly?
Anyway, did anyone see Gerry Harveys interview on Lateline Business? he was hilariously frank. He's been buying and buying in the last 12 months, harvey normon, westpac, nab etc etc and all are going down and he buys more and more and keeps going down.
he was then asked if he will keep buying and he said that he's lost the courage to keep buying.
How soon will we find bottom, how low will it be and will the market drag resource stocks down a lot with it?
Anyone have any answers?
LOL
Kenneth Rogoff,in his article in the FT,certainly gives food for thought.
http://www.nakedcapitalism.com/
Whiskers
It's a small world
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Well, POO jumped 3.50 and knocked the wind outa the US tonight.
Only temporary though. The first little corrective (reversal) wave of the POO crash.
Only temporary though. The first little corrective (reversal) wave of the POO crash.
Well the UK is looking nice and truly F'ed, to put it bluntly. Looking at various stats and articles over the last 2 weeks, looks like 7/10 of the world's largest economies are skating dangerously close to recession. I'd say in another quarter or two, it may be confirmed.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFIUvqODrqUg&refer=home
Another snippet (from timesonline.co.uk). If that is the case, that would be a 25% fall.. massive. There are big implications for our banks too, they're just not going to tell anybody until they have to.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFIUvqODrqUg&refer=home
Another snippet (from timesonline.co.uk). If that is the case, that would be a 25% fall.. massive. There are big implications for our banks too, they're just not going to tell anybody until they have to.
http://www.rgemonitor.com/roubini-monitor/253191/global-recession-watch-recoupling-rather-than-decoupling/
And on the US housing futures, the consensus is for a 32% drop, bottom in 2010.
The wealth destruction rolls on...
And on the US housing futures, the consensus is for a 32% drop, bottom in 2010.
The wealth destruction rolls on...
Sean K
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So, there's going to be some great opportunities coming up in the near future.
Sean K
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Cramer's called a bottom.
Batten down the hatches!!
Yes, the Market Has Bottomed
If you thought you heard Cramer call a bottom during Tuesday’s Mad Money, you were right.
“It smells to me like something, in fact many things,” he said, “have at last changed for the better.”
“I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. and I think anyone out there who’s waiting for that low to be breached is in for a big disappointment and [they’re] missing a great deal of upside.”
“Stop waiting,” he said, and “buy the next dip because I think it might be the last big one.”
Cramer pointed to five specific clues that proved to him that the market was about to turn up.
One is that the negativity is so bad we might be at the point of total capitulation. The investors Intelligence Survey reported a 30% bull-50% bear ratio. Fifty percent bearish! Who’s left to sell? That kind of despair and disbelief has historically been a sign, Cramer said, that the darkest part of night was ending and dawn was near.
The king of the muppets has called it!!
Although, I do tend to agree with the last paragraph somewhat.
Batten down the hatches!!
Yes, the Market Has Bottomed
If you thought you heard Cramer call a bottom during Tuesday’s Mad Money, you were right.
“It smells to me like something, in fact many things,” he said, “have at last changed for the better.”
“I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. and I think anyone out there who’s waiting for that low to be breached is in for a big disappointment and [they’re] missing a great deal of upside.”
“Stop waiting,” he said, and “buy the next dip because I think it might be the last big one.”
Cramer pointed to five specific clues that proved to him that the market was about to turn up.
One is that the negativity is so bad we might be at the point of total capitulation. The investors Intelligence Survey reported a 30% bull-50% bear ratio. Fifty percent bearish! Who’s left to sell? That kind of despair and disbelief has historically been a sign, Cramer said, that the darkest part of night was ending and dawn was near.
The king of the muppets has called it!!
Although, I do tend to agree with the last paragraph somewhat.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Cramer's called a bottom.
Batten down the hatches!!
Yes, the Market Has Bottomed
If you thought you heard Cramer call a bottom during Tuesday’s Mad Money, you were right.
“It smells to me like something, in fact many things,” he said, “have at last changed for the better.”
“I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. and I think anyone out there who’s waiting for that low to be breached is in for a big disappointment and [they’re] missing a great deal of upside.”
“Stop waiting,” he said, and “buy the next dip because I think it might be the last big one.”
Cramer pointed to five specific clues that proved to him that the market was about to turn up.
One is that the negativity is so bad we might be at the point of total capitulation. The investors Intelligence Survey reported a 30% bull-50% bear ratio. Fifty percent bearish! Who’s left to sell? That kind of despair and disbelief has historically been a sign, Cramer said, that the darkest part of night was ending and dawn was near.
The king of the muppets has called it!!
Although, I do tend to agree with the last paragraph somewhat.
Yes, it's "a" bottom, but only the most adventurous, or those who can gloss over the facts like CNN and The King of The Muppets (Remember the Bear Sterns BS?)
I have to laugh at "the panicked lows it hit on July 15". Our Mr Cramer (Damn thats a hard name to twist into something derogatory) has forgotten what a panicked low looks like.
I don't know whether it's "the" low, I doubt it, but there is certainly a tradeable rally out of it, so that's what I'm doing.
Biotechs are having a big hit out and even those doggy doody financials are hammering the shorts.
How about Mr Crapper? Did anyone notice the revision to US 4Q07 GDP to -0.2% from 0.6% previously? How about you Whiskers? Care to revise your previous statement in which you said:
For the record, you don't need negative GDP growth to call a recession but it certainly lends weight to the case. 4Q08 is setting up as a nasty one as the rebate check effect will have faded in the current quarter. Watch out for the payroll number revisions that accompany tonights payroll report, it has the potential to be on the nasty side.
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This IS more or less the bottom ... it represents a significant real loss in the market over a considerable amount of time and huge losses short term.
The thing people need to adjust to is that once bottomed the market wont rocket up from here anytime soon ... volatility will continue and the market will trend flat or up 5-10% for a couple of years.
The thing people need to adjust to is that once bottomed the market wont rocket up from here anytime soon ... volatility will continue and the market will trend flat or up 5-10% for a couple of years.
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I don’t think this is the bottom of the stock market. I’m not looking for a bottom to form until I see two consecutive months of a least flat US house prices. As for when that will be I don’t know, but I’m not holding my breath.
Hi all,
For me the bottom is reached when the XAO and the XJO are equal or the XJO is higher than the XAO.
We still haven't had the panic sell off of all the second tier stuff yet.
Still in 95% cash since last November, it is all too hard for me
For me the bottom is reached when the XAO and the XJO are equal or the XJO is higher than the XAO.
We still haven't had the panic sell off of all the second tier stuff yet.
Still in 95% cash since last November, it is all too hard for me
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nowhere near bottom imo...
but that has not stopped me from loosing money trying to ride small rebounds from steep dips
should just sit on the cash with more discipline and watch the slow motion train wreck thats happening right in front of us.
but that has not stopped me from loosing money trying to ride small rebounds from steep dips
should just sit on the cash with more discipline and watch the slow motion train wreck thats happening right in front of us.
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