Picking the Market Bottom - June 2009?

[beerwm]

I think the market bottom is still being decided,

-If this huge stimulus plan in the US goes through, think the recovery will happen in 2010+

-If they let businesses fail and the recession 'cure' the problem then we could see the bottom much sooner

-The bailout/stimulus in my view can only prolong the recession in the longterm, but shorten its intensity in the short-term

but I think most investors/traders 'believe' july will be the bottom, and regardless of what happens, the sharemarket reacts to where the money goes,

interesting times!!

 

[Bushman]

Bottom might be in sooner if this plan gets some traction. Classic! I guess what is the point of bailing out corporate America if they just add to the problem by sacking 500,000 to 700,000 non-farm payrolls a month?

Kruddy?

From Marketwatch:

http://www.marketwatch.com/news/sto...x?guid={21B6A910-CB1C-410D-B6BD-798FFB1CDF30}


CAPITOL REPORT
Obama must get Fortune 500 to delay job cuts: economist
Prominent economist suggests a White House-endorsed national freeze in job cuts
By Greg Robb, MarketWatch
Last update: 2:00 p.m. EST Feb. 5, 2009Comments: 184WASHINGTON (MarketWatch) - It is fine for the White House to limit bank CEO pay, but the real urgency is for President Obama to get corporate chief executives to stop slashing their payrolls, says a prominent economist.
Layoffs at America's largest companies are only weakening the economy at a perilous time, said Lawrence Chimerine, who was chairman of the economic firm WEFA Group and prior to that was manager of economic research at IBM Corp.

 

[Bushman]

Source: Marketwatch website

Its building, its buiding .... its like a dam wall with a crack in it.

On the other hand, the Dow is re-testing new lows (under 7500 ) with the financials showing capitulation selling.

We are at a juncture friends.

 

[Logique]

As I said on the XAO analysis thread,
in the US the DJIA is now below 7500, and SPX below 800, this is cause for concern. We must hope for consolidation above these key levels.

 

[Sir Osisofliver]

Just my

I'm also picking June 09 with a margin of 1 month either way for the first signs of recovery in our market.

Should be fun to see how close we all are.

Sir O

 

[Dr_Colossus]

This week.

 

[drsmith]

This week.

The Dow futures are up somewhat tonight.

When we get up in the morning ??????????

Still, it's all gloom, doom, death and destruction but the markets will obviously turn when least expected.

Decisions?, decisions?

 

[MACCA350]

Dow up over 4%

cheers

 

[Aussiejeff]

Today.

Citi bwanker's "positive internal memo" sparks massive speculative boom in US financials. http://www.bloomberg.com/apps/news?pid=20601087&sid=aBYDSwW_8qak&refer=home

Trust 'em? Sure we can!