really...?obviously the far greater proportion of trades were buys!
You are assuming that bears don't go long??The bears on this thread must be getting killed.
You are assuming that bears don't go long??
I'm assuming bears are bears ... not unless you're a bear with with horns ... who is in disguise.
I'm assuming bears are bears ... not unless you're a bear with with horns ... who is in disguise.
are you assuming that people cant think? is it possible to be a bull in good times, and a bear when things are grim?
what on earth can you see, to give you the impression that things are improving?
it is quite possible that there will be a major correction down within the next ten days..and its overdue!
Insider selling climbing on the DJIA•May 7, 2009
April 24 (Bloomberg) — Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
“They should know more than outsiders would, so you could take it as a signal that there is something wrong if they’re selling,” said Stone, chief investment strategist at PNC’s wealth management unit, which oversees $110 billion in Philadelphia. “Whether it’s a sustainable rebound is still in question. I’d prefer they were buying.”
That’s the fastest rate of selling since October 2007, when U.S. stocks peaked and the 17-month bear market that wiped out more than half the market value of U.S. companies began. The $42.5 million in insider purchases through April 20 would represent the smallest amount for a full month since July 1992, data going back more than 20 years show. That drop preceded a 2.4 percent slide in the S&P 500 in August 1992.
surely nowadays things like stagflation and such u should be able to engineer yr way out of?
No engineering degree necessary.
Just SPEND, SPEND, SPEND.
It is the path to true happiness and eternal wealth for us all.
Believe.....
Trouble is the engineering got further ingineered and engineered and engineered again and the engineer forgot where go is, so they hiding or getting locked up.
Hows that leg now Aussie old pal
Just SPEND, SPEND, SPEND.
It is the path to true happiness and eternal wealth for us all.
insider selling is at its highest level since the bear market began. Are you buying? If so, you might just be buying from the very CEO who runs that company. Fill out those Form 4’s ladies and gents. You might run out of suckers (ahem, buyers) before long!
The market will be back to the same level that this thread started shortly.
http://www.rgemonitor.com/roubini-monitor/256661/a_conversation_with_nouriel_roubiniRoubini says he doesn’t see much in the way of “glimmers of hope” other economists have noted. Unemployment, capital investment, and exports are all worsening, and while there are a few signs of stability in housing, it’s not much. Overall, he figures, the odds of a prolonged “L-shaped” depression have fallen to less than 20%, from about 30%, thanks largely to the efforts of this administration and, to some extent, the last. He expects global contraction of 2% this year, and expansion of about 0.5% next year, “so small it’s going to feel like a recession still.”
Still, he adds: “I don’t worry as much as six months ago about a near depression.” From the man who has been called Dr. Doom – or, as he prefers, Dr. Realistic – that’s practically cheery.
1. Has the All Ordinaries Index “hit bottom”?
2. What is its “fair value”?
I believe neither that it’s hit bottom nor that it’s close to a bottom. The course of its descent to – and the level of – its eventual nadir depend partly upon the extent to which the AOI’s earnings fall; and that, in turn, hinges partly upon the severity of the recession. Earnings peaked in October 2008 at $489, and by March 2009 had shrunk to $365. If they revert to their long-term trend, then ca. 40% of this distance has been traversed. Of course, just as observations “overshoot” above a trend, they can also “undershoot” below it.
Given how we came to this pass, where Australia now stands, what the government is doing to us and what may lie before us, it’s difficult to conclude that stocks are cheap and easy to believe that they remain dear. True, the AOI is less overvalued now than it was, but “less overvalued” is not the same as “undervalued.”
Accordingly, Leithner & Co.’s plans include the possibility that an environment marked by recession and stagflation (like the one that plagued the early 1970s to the mid-1980s) prevails during the next several years.
In such a climate, the fair value of the All Ordinaries Index would be ca. 1,700-2,300. That implies a fall of ca. 70% from the Great Bubble’s maximum and the harshest bear market in Australian history. Furthermore, taking 2,000 as the AOI’s “bottom” and assuming a long-run growth rate of 7.5% per annum, ca. 17.5 years will pass before the Index returns to its Bubble maximum of ca. 6,850. If so, this will be the most fraught recovery in Australian history
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