Anyone think stock markets will rally this Friday (or Thursday in the US) after Obama's speech?
Anyone think stock markets will rally this Friday (or Thursday in the US) after Obama's speech?
The DAX is very interesting to watch at the moment.
I'm expecting him to drum up some confidence with policies on unemployement and job plans for the U.S.
I am LONG and optimistic!
Problems with Greece will all be sorted by end of September. No worries!
I'm expecting the XAO to test lows of 4,000 this week. Then back up to 4,300 and rising on Friday towards next week!
Just gotta hope for some positive data to come out - from anywhere really! Looks like Australian data isn't too bad (apart from the anz jobs report)! Hopefully the eurozone has some good news this September
Good for you too
A bit of realism might be somewhat more rational.
It seems we will go through 4100 tomorrow which would indicate that there will most likely be another leg down!
That US employment chart a page back was pretty interesting.
It looks like employment in the US has recovered!!!!
It may correct down a little now and then stabilize.
This basically means the new normal is around 10% unemployment provided there is no further USl contraction
Obama's speeches have always had a decidedly shallow ring to them in my experience
and seem to be becoming more vacuous in the face of the dire reality handed to him. "Real Change" - Do people really still fall for that?
Obama's speach is just another story for the press to make some mile stone of.
We just need the German voters to look into the eyes of doom and decide that Euroland is a better option.
Surely the the AU is not going to just float over all of what seems to be erupting.
Bank of America must be close to a screaming buy even for an Ausi.
Buff liked 5% of it about 15% ago!! Just have to let it finish falling I suppose.
I am LONG and optimistic!
Problems with Greece will all be sorted by end of September. No worries!
Bank of America must be close to a screaming buy even for an Ausi.
Buff liked 5% of it about 15% ago!! Just have to let it finish falling I suppose.
Buffet didn't buy BofA common shares, he bought special class preference shares with 6% cumulative interest and seniority over the common shares, with attaching free warrants. I would buy that too. The fact that he DIDN'T buy the common shares tell another story.
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