Not quite sure what you mean.... good news in general or good news from MQG themself?I'm going to wait for tomorrow to see what MQG brings, no good news that I can see so I cant work out why the recovery.. im hoping for a bit more of a slide, Like MQG for high 72's
I'm a little fish! but it went through
18 Dec 2007 15:16:Trade: Bought MQG @ $72.950
AFG is looking very good today, it does have other forms of making money besides Rubicon.
Currently its sitting on a very very low current PE ratio. The lowest I've seen for any Australian investment bank for a few years.
Ofcourse its possible that next years profits can halve, but even with that its still cheap.
In response to the thread title, id say yes.
XJO closed almost +150pts from the lows.
LOLAny bets on what the ubiquitous popular-media economists will put todays ?? relief ?? rally down to?
My money is on the oft trotted out "bargain hunters"...nice change from the as often used."profit takers" that explains why the market dips in the first place..
Cheers
..........Kauri
My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... you've got the early morning housewives eating out of your beknighted palm...LOL
More like "speculators hoping the US will rebound for a Christmas rally"?
Well, going by that 4 week knowledge, if you bought something like BHP at $39.60 4 weeks ago and held on to last Thursday when it hit $44.00 or so, that's an immediate 10% you would of missed out. I'm sure there's many other stocks out there with the same movement.My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... you've got the early morning housewives eating out of your beknighted palm...
might just be time to get the long strides back from the dry-cleaners
Cheers
..........Kauri
On another thread a little while ago someone posted "Even a broken clock is right twice a day".My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... you've got the early morning housewives eating out of your beknighted palm...
might just be time to get the long strides back from the dry-cleaners
Cheers
..........Kauri
Our entire Economy thanks to the Liberal party is based on a hole in the ground and the World knows it, I think Australia has the potential to be spanked harder than any other Western economy if there is a world wide slowdown or recession.
Well, going by that 4 week knowledge, if you bought something like BHP at $39.60 4 weeks ago and held on to last Thursday when it hit $44.00 or so, that's an immediate 10% you would of missed out. I'm sure there's many other stocks out there with the same movement.
You know when the "well respected" commentators start to suggest the world is going to end and Satan himself will appear in the flesh to take all your shares, a crash is just around the corner
It hardly took a genius to see this coming, did it? Happens every few months, has been for the last few years, and every time we hit either a new record or rebound some 5-10% above those lows and retest the old record. Repeat cycle every few months, especially with this "sub prime" dribble which comes up every few hours it seems now.
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