The ASX should soar today - finally!!

[Realist]

Been a long time coming, The ASX is still down nearly 10% from May, but overnight in the US the news was all good.

Economic data released was all positive, The DJ is up to a 2006 high, BHP was up 3.3%. RIO up 2%, RIN up 1%, NEWS up 2.5%.

All good!!

Maybe a 2% rise today? Here's hoping!

 

[Nick Radge]

The last week of September tends to be strong on both 10-year and 25-year seasonal cycles. Then of course we have October...

 

[clowboy]

And what happens in october?

I can never remember is sept or oct the worst month statisticly? Or are they both bad?

 

[juddy]

HI Nick,

would you mind extending that chart into October if you have the time.

cheers

 

[bowser]

And what happens in october?

I can never remember is sept or oct the worst month statisticly? Or are they both bad?

These for starters!

http://en.wikipedia.org/wiki/Black_Monday_(1987)

http://en.wikipedia.org/wiki/October_27,_1997_mini-crash

 

[Prospector]

It means you should enjoy September while it lasts........

 

[Realist]

Got him yes....

 

[Realist]

Here's an analyst that was telling everyone to sell yesterday, saying the boom was over. RIP.

 

[swingstar]

It means you should enjoy September while it lasts........

There's many more counter-trends to come.

 

[wayneL]

Here's an analyst that was telling everyone to sell yesterday, saying the boom was over. RIP.

Yep Goldilocks is buying with her ears back. She believes the totally manipulated #'s without analysis.

But the bulls are running only because the bears are busy with the property market... still work to do there yet. Got the US and east coast Oz bull, just carving it it ready to put in the freezer now, still the UK and WA to do over yet.

Then the stockmarket

 

[wayneL]

Here's one non-zombified view:

http://business.bostonherald.com/businessNews/view.bg?articleid=159159

Fred Hickey is used to going against the crowd.
Everyone scoffed in 1999 when the veteran Nashua, N.H., stock market guru, who publishes the influential High-Tech Strategist investment newsletter, warned that the tech bubble was going to pop.
And they dismissed him as a wild alarmist early last year when he said house prices were going to slump.
What’s his view now?
“I think we’re going to have a crash, across the stock market,” he told me Friday.
Yes, Wall Street has been flirting with new highs. And the stock market cheerleaders on TV are waving their pom-poms madly, urging you to put more money into the market.


But people with long memories know that is exactly the time to get nervous.
Think: 1929, 1987 and 1999...............

 

[Luke6450]

yes nice day in the market today.... Back above 5000 again... Now stay there !

 

[wayneL]

There is a fundamental difference in the modus operandi of bulls and bears.

The bulls carry on like Man. U. fans. Waving and cheering, clapping, waving pom-poms about, going mental at each posession of the ball. They talk the game up, wear the colours, scarves etc etc etc.

Bears are different however.

Bears sit back and watch all this going on... No! While Man U. are winning, they're BSing on with the fans; but still sitting back and watching, waiting. Expediency is the bears motto. They'll be long, but it's a completely mercenary thing... only in it for the money.

But when the time is right...........



Steak for dinner!

Ahahahahaha!

 

[Realist]

Wayne, the bear is too busy evicting people from their Sydney homes at the moment to worry about the ASX, he'll travel south to Melbourne, up to QLD, then he'll have a field day in Perth. By then he may be ready to destroy the ASX, but that's a long way off.

 

[juddy]

we've still got all those Perth housing profits to come into the market yet.

 

[Realist]

Central Perth, 2016.

The mining boom and house boom are almost forgotten.

 

[wayneL]

Central Perth, 2016.

The mining boom and house boom are almost forgotten.

... you're showing what will be the most popular bit... the road out.

*duck*

 

[Realist]

... you're showing what will be the most popular bit... the road out.

*duck*

Wrong!!

No-one could afford the petrol to drive out, it is $9.50 a litre afterall.

 

[barney]

... you're showing what will be the most popular bit... the road out.

*duck*

There is some seriously good "twoing and froing" on this thread, but the most important question is;..............why did you get rid of the 'Bear" wayne .........was he costing you too much to feed??..............(I miss the bear :bounce:

 

[Realist]

The bear has moved to a property forum...