My portfolio took even more of a beating today.
The market has no remorse. Even though the stocks have very strong fundamentals, the stock still gets beaten. So what bloody hope is there for investors anymore? Share market gambling - one massive game. You have to be inside to win it...
My portfolio took even more of a beating today.
The market has no remorse. Even though the stocks have very strong fundamentals, the stock still gets beaten. So what bloody hope is there for investors anymore? Share market gambling - one massive game. You have to be inside to win it...
Not true, CSL and Ramsey Healthcare have been doing pretty splendidly over the last couple of days.
This is just a ridiculous post. The writing has been on the wall for ages, people have had plenty of warning signs to pull capital out of markets and wait on the sidelines but people refuse to take a small loss and instead watch it turn into a massive loss. Been happening for 100+ years and will no doubt continue to happen.
Fundamentals mean nothing when the markets are pricing risk into the market, the chart show that we can go lower, hell we are still nowhere near the 2008 lows yet. But people seem to think that because a stock was $50 a months ago it must now be great value at $40 even though the world looks to be heading into a major recession that will have flow on effects to all economies and therefore earning power of all stocks.
Investing/trading is about timing and those patient enough to wait for the signs of recover to show are the ones that will make money, mainly because they will have capital left to invest.
I suspect the market has gone from feeling unsure about financial contagion for the near term due to a little more certainty about manageable Greek default and bigger fund to handle the fallout, to now looking at a global recession - hence commodity smashing and financials stabilizing for today!!I am very surprised to see financials in the green... perhaps there's a bit of switching from materials to the fins from funds that stay invested.
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Look you make a good point here and I agree with you however there is nothing rediculous about the post.
There are many several long term and fundamental investors out there who would rather ignore this supposed "writing on the wall", as it is common knowledge that markets swing high, swing low.
This public wall vandalism that you so take heed of is not a rare occurence - in fact market projections of doom/gloom are rampant in nearly every media outlet at one point or another.
I agree with the former post suggesting fundamental investing requires long time frames. I would suggest that no one out there is a Wizard in which can make accurate predictions, rather they make deductions based on available information in which case does not boast certainty hence market unpredictablility.
My Oh My.
None are as blind as those who cannot see.
Agree, everything is getting smashed atm, crude contract has lost nearly $3since about 8am today.
My guess is it could be ugly tonight.
I suspect the market has gone from feeling unsure about financial contagion for the near term due to a little more certainty about manageable Greek default and bigger fund to handle the fallout, to now looking at a global recession - hence commodity smashing and financials stabilizing for today!!
If your feeling realy bad the answer is here - http://www.oprah.com/spirit/How-to-Turn-a-Failure-Into-Success LOL
And what on earth was the SPI doing in the last few minutes?!
You are being optimistic here. Shares actually went up for 2 days after Lehman. The equity market doesn't know how to price a Greece default.
Everything has rallied a bit, at last. Still not a good lead into the overseas sessions though. Could be an interesting night.
Positive day tomorrow.
Think this will be a lengthy return to the positive.
Positive day tomorrow.
Think this will be a lengthy return to the positive.
Then there is the issue of the 3 trillion who is going to pay that back?
How and when?
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