wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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LOL, he's hiding in his cave conserving energy.barney said: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 said:Wrong!!
No-one could afford the petrol to drive out, it is $9.50 a litre afterall.
Hopefully I get some money back on the couple of short positions I'm holdingclowboy said:And what happens in october?
Will he awaken :sleeping: in October?wayneL said:LOL, he's hiding in his cave conserving energy.
He WILL reappear
I can confirm that is true. Plenty of bears on property forums, at least two of which are also on ASF (though the Smurf bear is specifically a property bear rather than a general purpose bear).Realist said:The bear has moved to a property forum...
Good!YOUNG_TRADER said:US Dow new high!
Here's hoping we that we do!wayneL said:Good!
Now we've got that out of the way, we can go ahead and tank. LOL
scsl said:Here's hoping we that we do!
I've gone short some NAB CFDs at about $36.30 as I'm anticipating falls in the Dow which should see some selling of the banks. I'm also long CML and even if the broader market falls, I don't see CML falling below $14. I got in at $14.23 and am banking on an offer above $15.50.
What to you think wayne? Do you see the Dow marching on (it's already up about 50 points as I type) or do you see some falls in the next few days?
Thanks,
scsl
No Shortage of Bubbles and Troubles
By Jim Jubak
MSN Money Markets Editor
9/27/2006 7:44 AM EDT
Click here for more stories by Jim Jubak
The stock and bond markets rallied after the Federal Reserve held short-term interest rates steady at its Sept. 20 meeting. Investors believe that the Fed has successfully steered the economy between too hot and too cold, and that we're headed for a just-right soft landing with inflation under control and the economy growing at a solid pace. The so-called "Goldilocks economy" will push both stock and bond prices higher.
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But I think it's premature to slap the Fed on the back and say "mission accomplished." The truth is the Federal Reserve still hasn't pricked the financial bubble that it created with nearly a decade of easy-money policies.
Oh, the housing market bubble may be deflating, with or without the abrupt pop that ended the stock market bubble of 2000. But the Fed hasn't succeeded in sopping up the flood of cheap money it created when it drove short-term interest rates down to 1% in June 2003 and kept them at that level until June 2004. Now all of that cheap money is pushing up borrowing in the commercial real estate market fast enough to worry bank and savings and loan regulators. And that isn't the only sector in the midst of a bubble.
Washing Away a Curse
It might be better to name this the "Lady Macbeth economy." Cast Fed Chairman Ben Bernanke as Shakespeare's bloody queen who cried, "Out, out damn spot," as she vainly tried to wash the blood of a murdered king from her hands. In this economic version of the tragedy, however, Bernanke wanders the darkened halls of the Fed muttering, "Out, out damn bubble," as he tries to wash away the financial curse left to him by his predecessor, Alan Greenspan.
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Yes and when they could not sell the original green coke they changed it to black.wayneL said:Yeah the US is firmly in Goldilocks mode.
This is a country that believes its own rhetoric in the face of all evidence to the contrary. They will prop it up till it pops big time.
<added>\/
brerwallabi said:But I do know that bears become bulls.
Realist said:Well BHP up 3%, RIO up 3.3%, and Rinker up 2%.
Maybe we are in for a proper commodities boom, the last rise was merely the calm before the storm!!
ASX should soar today as well!
Realist said:It's looking good for another big rise on the ASX today...:
What are you doing up so late Wayne?
michael_selway said:The way i see it, ST to MT it will be up, before the crash, so atleast 12 months of up imo, DOW 11300, XAO 6000
thx
MS
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