tinhat
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I'll join this argument when the XAO hits 5000.
Imminent and severe market correction
- Thread starter Uncle Festivus
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Garpal Gumnut
Ross Island Hotel
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snp mate, the charts factor everything preceding in.
Its in.
Its the funnymentalists who have a short memory and try to predict the far future.
gg
gg
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I think this aspect, money flooding the market from QE1,2,3 etc, doesn't take into account that the 'too big to fail' US banks are still bleeding from falling home prices, insolvencies and bad loans, and it is only because of the change in accounting rules that allows the banks to report ANY sort of 'profit' when in fact if it were still the 'mark to market' old rules they would be reporting severe losses, still. (Goldman has only just come clean with it's real losses from Sub Prime recently)
$600 BILLION does not cover the losses of the system let alone add to liquidity? It's just that the new money is being directed to create bubbles ie hard & soft commodities ie inflation? Netted out, I'm not sure there are vastly more dollars in circulation now than when the GFC Part 1 commenced? I think from memory that the M aggregates data has been showing this?
It's pretty obvious that the banking 'profits' are fictitious and are coming from less provisions for bad loans and accountancy magic and that their cash flows are abysmal. Even 'The Big Squid' can't hide the truth with everything in it's favour....
Thanks to IBM and the usual 3pm window dress the Dow finished virtually unchanged, while the banks took a hammering. Taking shorts......like AAPL last week.....
Can we wait that long
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tinhat
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Woo-hoo - let's party. Buy buy buy! Print that money Big Bad Ben!
They're dancing in the streets of Cairo...
They're dancing in the streets of Sana...
They're dancing in the streets of Tunis...
They're dancing on the Arab street.
Food inflation, speculation! Just keep printing that money Big Bad Ben!
No cheating now - I was waiting for the close > 5000.
They're dancing in the streets of Cairo...
They're dancing in the streets of Sana...
They're dancing in the streets of Tunis...
They're dancing on the Arab street.
Food inflation, speculation! Just keep printing that money Big Bad Ben!
No cheating now - I was waiting for the close > 5000.
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Reached it today 5001.7
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Maybe it's time to reconsider the question. Japan's stock market is falling like a stone. There is a real risk that Toyko Electric Power company (a very, very big company) could be bankrupted by the consequences of the disintegration of the nuclear power plants.
For all their resolve and efficiency the damage caused by the earthquake, tsunami and now nuclear reactor breakdown could unwind Japan's financial stability. And this is the 3rd largest economy in the world.
Where is the good news going to come from ?
For all their resolve and efficiency the damage caused by the earthquake, tsunami and now nuclear reactor breakdown could unwind Japan's financial stability. And this is the 3rd largest economy in the world.
Where is the good news going to come from ?
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The interesting thing to watch may be for any panic in credit (TED Spread). If that does not happen, then this is most likely just a short term dip.For all their resolve and efficiency the damage caused by the earthquake, tsunami and now nuclear reactor breakdown could unwind Japan's financial stability. And this is the 3rd largest economy in the world.
The terrorist attacks of September 11 2001 on the USA resulted in a sharp dip in share prices, but a recovery quickly followed.
BOJ will not let that happen, I believe their policy is quite firmly "print money, print money". Or 'provide liquidity' as their governor calls it.
skc
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There are a lot of similarities between this and 9/11... the US market was already in a down trend and dropped ~10% in the following week. Stocks like QBE and QAN absolutely plummeted. The market then went up ~20% in the following 2 months.
Will history repeat?
Japan is probably in worse shape then US at the time...
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If Bob Prechter has finally got his 'Bear Market Correction' theory right this time we are heading for armageddon - AGAIN
I was not surprised to see his email in my junk mail folder speaking about his predictions - he's only been bearish this market since 2009 and seems to need any negative news to reignite a pathetic reason to short this market.
I think this will be a correction that was expected to happen. I am positive on the market, and my prediction on the market is the opposite to the elliot wave subscribers out there. But my timeline is the same - gonna give it 2 or 3 years to see if I am right.
Whiskers
It's a small world
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Agree re Pretcher.
I also see this as a minor correction. I think it was always coming with global growth recovering from the GFC forcast to slow down a bit for a couple of years. The Japenese disaster will cause some short term stalling of economic activity, but once the rebuilding starts it will balance out over time.
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interesting take on Silver c/- Bigcharts daily timeframe today - clearly dodgy data but likely foretells the shape of things to come
? What would that be??
silver is in a major bubble
once the DXY turn gets going it will be lights out
DXY has given turn signals on 5min, 15min & 1hr. still a bit of work to do on the longer timeframes but looks promising
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Yeah 3 in 7 days - that we have to shake alot of people out...
explod
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Yep, part of the manipulation to save the bullion banks to the extreme.
However physical holders will win the day eventually.
It took gold 4 attempts over 18 months to break US$1000, it will take awhile I suspect for silver to pass $50
you could be right Explod, not looking too rosy at the moment
out of interest which part was the 'manipulation' do you think?
looks to me like it was the push up to 50 given how quick it was. clearly the market doesn't seem to think thats an accurate value given recent behaviour
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