wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
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Very true, but I can only reiterate my earlier point.... IMO of course.
The Oracle of Hawkes Bay :) said:
That's the problem with economists. Ask 10 economists for their opinions, and you'll get 11 responses.
To wit, Adam Carr, now the Eureka Report's economist in residence, wrote an article for the Eureka Report earlier this week (IIRC) outlining some interesting reasons why the Greeks can't afford to exit the Euro. Quite an interesting read, but as for who will prove correct over time, only the gods know.
The Oracle of Hawkes Bay :) said:But I do think that monetary union without fiscal union can never work in the long term.
+1One economist/risk analyst I really respect is Satyajit Das.
DOW down on friday.
I reckon we'll see 3800 again on the XAO before August...
CanOz
Thinking about it....with the DOW at 12454 there is plenty of scope for a 1000 pt fall or more...and we know what the flow on effects of that will be on our markets.
So even though our market is already near the bottom of the 12 month channel...if the DOW goes under we will certainly follow to new post GFC low...lows.
A proper second dip more than 3 years after the first dip.
If copper is the bellwether then lookout below.
Copper prices are forming a multi-year reversal pattern.
Spain's Bankia to explain call for 19bn-euro bailout
Two weeks ago, the government intervened and awarded Bankia a 4.47bn-euro loan
ok, i'll see your copper and raise you a 19Billion Euro bailout over the weekend........can't say fairer than that
http://www.bbc.co.uk/news/world-europe-18216793
26 May 2012 Last updated at 04:20 GMT
.........on top of
................
Indeed. If 12,000 doesn't hold, then all bets are off. Very easily test 11,000 from there.Thinking about it....with the DOW at 12454 there is plenty of scope for a 1000 pt fall or more...and we know what the flow on effects of that will be on our markets.
So even though our market is already near the bottom of the 12 month channel...if the DOW goes under we will certainly follow to new post GFC low...lows.
A proper second dip more than 3 years after the first dip.
just a feeling but I believe from Tuesday onwards, we will see a carnage, last chance to get out tomorrow before the US set the toneI'd be folding... wonder how many investors/traders are gonna be taking their bat and ball next week.
I'd be folding... wonder how many investors/traders are gonna be taking their bat and ball next week.
I'd say the smart money is already out, hence the almost 10% drop in May.
We won't see any more carnage until the not-so-smart money starts getting out.
I'm guessing slow falls over the next couple of weeks until the penny drops and then there will be panic.
I still haven't worked out whether it is the smart money getting out or the smart money that is buying in from those getting out?
Step back and look at the big picture, there's no good news on the horizon only dark clouds.
What happened in the open this morning??
Yeah but it gapped like 20 points or something weird? Didn't do the usual tranche open.
Is it option expiry or some other trading related occurence I'm not aware of?
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