Recovery or Dead Cat Bounce?

[Aussiejeff]

And today?

**MEEOWWW - SCRITCH!!**

 

[Real1ty]

Warren Buffet did mention that if there is a stock where he will put all his money in, it will be Well Fargo. It will be interest to see how things will pan out over the years seeing Well Fargo is one of the 18 banks require capital raising with the latest government "stress test" result. (which is obviously, not no where near stressful enough)

Interesting though that prior to the stress tests results being released Buffett claimed WF didn't need any extra capital.

 

[Temjin]

Interesting though that prior to the stress tests results being released Buffett claimed WF didn't need any extra capital.

And also AFTER it was released, including rumours before too. Citing the results are wrong.

He does seem to have tremondous confidence with Well Fargos. I say the SEC should let him put his money in his mouth and let him buy every single shares of company and see what happens.

 

[beamstas]

And also AFTER it was released, including rumours before too. Citing the results are wrong.

He does seem to have tremondous confidence with Well Fargos. I say the SEC should let him put his money in his mouth and let him buy every single shares of company and see what happens.

If he bought every single share nothing would happen
Think about it
The price would never move
Because he wouldn't buy or sell

 

[Real1ty]

And also AFTER it was released, including rumours before too

They weren't rumours as i saw the interview where he stated it prior to the ST's.

 

[CanOz]

If he bought every single share nothing would happen
Think about it
The price would never move
Because he wouldn't buy or sell

LOL! Good point.

CanOz

 

[Beej]

Is anyone still seriously calling this a dead cat bounce? It must be a kitty made of "flubber" based on the height and number of bounces now!

PS: Did anyone catch this little piece of news???

Goldman’s, JP Morgan and Morgan Stanley have apparently applied to repay the $45bn of Tarp funds they received.

From http://www.businessspectator.com.au...e-surge-pd20090519-S6TTJ?OpenDocument&src=sph

Cheers,

Beej

 

[CanOz]

Is anyone still seriously calling this a dead cat bounce? It must be a kitty made of "flubber" based on the height and number of bounces now!

PS: Did anyone catch this little piece of news???



From http://www.businessspectator.com.au...e-surge-pd20090519-S6TTJ?OpenDocument&src=sph

Cheers,

Beej

Of course they want to repay it, otherwise they're under the watchful eyes of Congress! They can't make money risking little and not coming up with innovative ways to bring down the global financial system can they now?

This bounce will last long enough for the banks to raise the required amount of private capital they need to fuel their toxic balance sheets for the next 6 months.

CanOz

 

[Uncle Festivus]

I found this little European country has improved out of site.......it came in 'better than expected' ........ not that fundamentals mean anything

 

[CanOz]

Nothing like a credit crisis to suck the life out of GDP. Has there ever been a time when the GDP has declined so rapidly?

Cheers,


CanOz

 

[Nero64]

Why would anyone declare the worth of their portfolio ?, unless they were lying, or just trying to impress

Here is a link from the Bull website titled:

How those in the know make money - and lots of it

Talk about bragging.

http://www.thebull.com.au/articles_detail.php?id=3071

 

[GumbyLearner]

I found this little European country has improved out of site.......it came in 'better than expected' ........ not that fundamentals mean anything

Thanks for the facts Unc.

Noticed that VW accumulated a stack of Porsche stock throughout last year. Now the supposed "merger"/"takeover" has been put on hold.
Hopefully not too many of VW's suppliers will close their factories.

 

[Wysiwyg]

And today?

**MEEOWWW - SCRITCH!!**

Oh come on now puffy, the Americans haven`t got another "downward volatile" left in them.

 

[Naked shorts]

I dare you to read ANY book about Warren Buffett and his investment philosophies and you will realise just how unprofitable and stupid day trading is.

Why dont you walk over to your book shelf, pick up Buffetology, look at the back section containing all the super fantastic companies that will never ever go bankrupt and W.B. wants to have babies with, and please tell me how many of those companies have filed for bankruptcy. No I'm serious, do it.

 

[Naked shorts]

Makes working a real job seem pathetic

*taps nose*

 

[beamstas]

Here is a link from the Bull website titled:

How those in the know make money - and lots of it

Talk about bragging.

http://www.thebull.com.au/articles_detail.php?id=3071

LOLOLOLOLOL

"But Fogarty also looks to buy over-sold blue chips and Macquarie Group provided a tidy $28,000 windfall in a single day. When Macquarie fell to $26 a share in September last year, following the collapse of Lehman Brothers, Fogarty bought the shares. The next day, Fogarty sold the shares for $33. “The company had been clearly over-sold as a result of panic,” Fogarty says “Had Macquarie’s share price fell after buying it, I would have held the stock and waited for a recovery. After all, it was Macquarie - a blue chip company with a solid earnings history. I bought Westpac at $22 and bought more when it fell to $14.75. I’m confident it will rebound.” "

 

[Bushman]

*taps nose*

Lol; should be 'taps side of head'.

 

[MR.]

"But Fogarty also looks to buy over-sold blue chips and Macquarie Group provided a tidy $28,000 windfall in a single day. When Macquarie fell to $26 a share in September last year, following the collapse of Lehman Brothers, Fogarty bought the shares. The next day, Fogarty sold the shares for $33. “The company had been clearly over-sold as a result of panic,” Fogarty says “Had Macquarie’s share price fell after buying it, I would have held the stock and waited for a recovery. After all, it was Macquarie - a blue chip company with a solid earnings history. I bought Westpac at $22 and bought more when it fell to $14.75. I’m confident it will rebound.” "

Clearly over-sold compared to what? Where the price was! ....

Wonder how he did with Centro? "After all, it was Centro - a blue chip company with a solid earnings history."

 

[Temjin]

They weren't rumours as i saw the interview where he stated it prior to the ST's.

Sorry, I really meant that rumours about how much the banks may need to rise BEFORE the release of the stress results. There were plenty of "leaked" results around back then. (which came out accurate)

But it does not matter anyway. The stress test was nothing more than a disguise on how deep the hole those banks are in.

Here is a link from the Bull website titled:

How those in the know make money - and lots of it

Talk about bragging.

http://www.thebull.com.au/articles_detail.php?id=3071

Ok, that's more than enough to tell me this is a definite dead cat bounce!

Seriously, have anybody actually DIGGED out the latest global economic fundamental data to see how much "better" (or worse off) since the low March???

Yes, things have certainly slowed down a bit. This is because if it continues to fall at last quarter (or end of quarter 2008) speed of pace, the world will be WITHOUT an economy in merely a few years. It was too fast and too hard, literally off the cliff if you looked at certain charts. (not stock charts!)

Does a "slowdown" in worsening economic data automatically mean everything is finally over and we will go back to a new, roaring bull market and expect 30% p.a. return???

Well, some people actually thinks so because their "bull" market mindset hasn't been sufficiently damaged enough yet. People still think the 2000-2007 boom conditions (with record cheap credit availability) will be back next year.

 

[beamstas]

*taps nose*

I don't understand :homer: