And ML is going to release an updated report this morning saying that the actual writedown of $7.9b exceeded expectations but not fears and that earnings from operations were better than expected.No why wasn't that reported at the original report?
Imminent and severe market correction
- Thread starter Uncle Festivus
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And ML is going to release an updated report this morning saying that the actual writedown of $7.9b exceeded expectations but not fears and that earnings from operations were better than expected.No why wasn't that reported at the original report?
Kauri
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A great start to the overseas markets tonight and judging by the market indicators(rising steadily),a good start to the American market.The market seems to more buoyed by the companies reporting better than expected results over those who have had a downturn;by the durable sales orders expected to come in positive after a retreat in August;by the jobless claims expected to fall and the likely rate cut by the Fed next week.
After a significant fight back in the Dow last night(and I notice that our market mirrored it rather than the Nasdaq which was down .88),a better night should be expected in America with a corresponding increase here tomorrow.Looks like the bulls are alive and snorting.
After a significant fight back in the Dow last night(and I notice that our market mirrored it rather than the Nasdaq which was down .88),a better night should be expected in America with a corresponding increase here tomorrow.Looks like the bulls are alive and snorting.
As a betting man, I reckon the bears will win through tonight. Time will tell.
On what premise/s do you make your claim?
I am one who believes the market will have a major correction.
However I bought today
Tech stock and four oil stocks.
I think we are ready to have a massive blow off into the Fed meeting.
They have have said .50 % cut
Two things one everthing is revalued again by a falling US$ like last time.
The next Just how bad the US economy is.
However I bought today
Tech stock and four oil stocks.
I think we are ready to have a massive blow off into the Fed meeting.
They have have said .50 % cut
Two things one everthing is revalued again by a falling US$ like last time.
The next Just how bad the US economy is.
Sean K
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No gold or silver bean? Still waiting for the big correction? I certainly expect the sp's to come off with any major market move but maybe not as much? I'll certainly be topping up gold in the next push lower.
Heavens above Bean,a most ambiguous term.I expect you mean that the "sheeple" will push up the already overvalued stock with the market's last rally?Tonight or in the next 5 trading days before the Fed announcement?
No gold or silver bean? Still waiting for the big correction? I certainly expect the sp's to come off with any major market move but maybe not as much? I'll certainly be topping up gold in the next push lower.
No. (still have physical)
However POG on way to US$800?
Oil US$100?
Nasdaq another 10% higher?
Hopefully the oils move more goldies in the next few days.
I think this may be a rally into the FED and a sell off on result.
Surely reality must prevail oneday?
PS...A bear is Taboo if they mention the markets dropping
All they are doing at the moment is talking about reality.
To slow for a blow off....a few more days???
you will be pleased to know I today have only 1 oil and 1 gold
I thought tonight was golds turn to out do oil!!!
But I may regret.
It is going to take one hell of a mountain of trouble to stop the juggernaut that set sail in the financial markets today.Records broken in many markets with more to come.Problems that were going to cause market trouble have caused nothing more than 2 blimps on the radar.The markets have weathered these disruptions even though banks have written off billions overseas.Analysts paint a rosy picture and the Fed has shown they are capable of handling the situation.Perhaps the ASX will reach 7000 by the end of the week.
Porper
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Yes, we are up, up & away, everybody is megga bullish, all is well and tickety Boo.
The all ords is getting ahead of itself, the Dow isn't away yet, so caution ahead I say.
There is getting a wide gap between the Dow and all ords which will narrow again as always.
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you do sound very bearish. I would suspect you might be short, or in cash. I am bullish and fully in the market and fully geared. Next stop 7000 for the ASX
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US feds will cut rates this week, massive rally will follow, then the Santa Rally, then switch to cash for the correction in Jan/Feb 08...its too easy!
Whiskers
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That's the bit everyone has pretty well factored into their thinking. But the Consumer Sentiment numbers come out first.
What if they are better than expected and the fed doesn't cut this time?
As sassa said
Just the ticket to restore confidence and carry on carrying on.
Porper
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Definitely not bearish, but never a bad thing to be aware of where we are.
Do you give private readings S.T.Clock.?
Kauri
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STD,
Have you pulled out of the Super then, and I thought it was ticking over like clockwork...??
Cheers
..........Kauri
Paul Keating said that it was the recession we had to have.
Jon Markman in America is pushing the same barrow.
http://articles.moneycentral.msn.com/Investing/SuperModels/WhyWeNeedARecessionSoon.aspx
Jon Markman in America is pushing the same barrow.
http://articles.moneycentral.msn.com/Investing/SuperModels/WhyWeNeedARecessionSoon.aspx
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