Who is ready for a rally?

[agro]

if this is the bear, people are selling on panic

imagine the bull, +700 in a day etc..

everyone ready for the next bull run?

 

[Nyden]

if this is the bear, people are selling on panic

imagine the bull, +700 in a day etc..

everyone ready for the next bull run?

I definitely await the next bull run with enthusiasm, but +700 in a day? No, probably not going to happen.

The value of many stocks has probably nearly decreased in line with the falls - such as reduced earnings (eg importers suffering from a low AUD), and the end of the commodities boom.

I'm still betting on this thing dragging out over a couple of years ... unfortunately.

 

[Aussiejeff]

Damn... wrong thread. I was looking for a game of TENNIS!!! :hide:

 

[oztrades]

LMFAO!
I think you got your game... just not the game you wanted... are you going to be like the NYSE and ring your own bell on this one?

Seriousily though I cant but see that Australia is going to come out better for this in many ways. We are Australia Inc. so we should grab this opportunity for all its worth. Go Australia.

 

[Aussiejeff]

LMFAO!
I think you got your game... just not the game you wanted... are you going to be like the NYSE and ring your own bell on this one?

Seriousily though I cant but see that Australia is going to come out better for this in many ways. We are Australia Inc. so we should grab this opportunity for all its worth. Go Australia.

Shirley it carn't get any werse? *hic*

 

[Julia]

=oztrades;348156]LMFAO!
I
Seriousily though I cant but see that Australia is going to come out better for this in many ways.

Do you mean better than other countries?
Better than we were before?
Why do you think Australia is "going to come out better"?

 

[Trembling Hand]

Who is read for the rally??

A lot of people. The only problem is though they have been ready for it the last 10 month. Holding all the way down.

LOL

 

[Sean K]

I'm prepared, but living in hotels is making it difficult to trade moves at the moment ...

Waiting for a potential bottom, or close enough.

 

[sammy84]

I for one believe we will be seeing a rally this week. Everything that happened last week pointed towards a bottom;
1. There were record trade volumes traded in the US.
2. There was raw unadulterated fear that swept every market and lead to record losses.
3. Market volatility was at an all time high

And now we have;
1. The bail out plan coming closer to actually pouring funds into the market.
2. The plan for Fanny and Freddie to start buying 40b of bad mortgages a month
3. The coordinated action of G7. Even though their current plans are as of yet are vague, I think we can still be confident that no G7 country is going to let another Lehman bros happen. Hopefully this removal of fear will start filtering into the market.

I'm ready for a rally sometime next week

 

[agro]

I for one believe we will be seeing a rally this week. Everything that happened last week pointed towards a bottom;
1. There were record trade volumes traded in the US.
2. There was raw unadulterated fear that swept every market and lead to record losses.
3. Market volatility was at an all time high

And now we have;
1. The bail out plan coming closer to actually pouring funds into the market.
2. The plan for Fanny and Freddie to start buying 40b of bad mortgages a month
3. The coordinated action of G7. Even though their current plans are as of yet are vague, I think we can still be confident that no G7 country is going to let another Lehman bros happen. Hopefully this removal of fear will start filtering into the market.

I'm ready for a rally sometime next week

I for one agree

not to mention that the government will start buying Bank stocks..

if the SPI is indicative of anything, one green day might just do it

though, we need a green day in america seeing though they have had 8 days straight

 

[alphaman]

I think this thread illustrates very well why bear rallies occur.

 

[So_Cynical]

I'm ready for the inevitable rally

what goes down must come up....eventually.

 

[tech/a]

A busy day today.

 

[CAB SAV]

A busy day today.

A busy week in US. PPI & CPI due, major banks reporting.
Rally? How long?

 

[Aussiejeff]

Depends on whether the plunge in oil prices overnight affects energy sector company shares more than the "confidence" lift given to financial sector company shares by our esteemed leader's announcements. There's been a big bounce in the $AUBananaBuck overnight too.

On the possible downside, the expected "decisive news" from the G7 & G20 meetings was hardly awe-inspiring - more like comforting platitudes with no real detail. Euro commentators don't seem too impressed.

I suspect an early ASX rally might be on the cards, but the futures for Asia and Europe still look pretty grim ATM, so any green here in the AM might not last into late PM trading?

Toss a coin!!

 

[OzWaveGuy]

I suspect an early ASX rally might be on the cards, but the futures for Asia and Europe still look pretty grim ATM, so any green here in the AM might not last into late PM trading?

Toss a coin!!

Right, PM it could get a bit hairy. Maybe a reversal at 4250 on the XJO (4260 on the futures)....

 

[treefrog]

a few weeks rally? - possibly
a few days bounce? - likely
a turn from bear to bull? - nope

my reasoning from the following chart which crudely shows consumer sentiment in this consumer led economy

XDJ (consumer discretionary) is generally regarded as a market barometer and held true to reputation in leading the general market down (XJO red) - blue is XSJ (consumer staples - the "we all gotta eat" index
.
so ST, there will be a few bob in the bull rallies, but MT and LTers should keep their ears and eyes on the XDJ sentiment - atm is now below its 8yr low.
.
maybe an EW take on this index would be interesting OzWaveGuy??

 

[MRC & Co]

I was thinking a rally may be on the cards, with all the absolute panic in the markets. But then I wondered how bigger magnitutde it would actually be, considering the short ban.

A rally would probably be a good time to bail out for a lot of these super loaded boomers.

 

[Seneca60BC]

I for one believe we will be seeing a rally this week. Everything that happened last week pointed towards a bottom;
1. There were record trade volumes traded in the US.
2. There was raw unadulterated fear that swept every market and lead to record losses.
3. Market volatility was at an all time high

And now we have;
1. The bail out plan coming closer to actually pouring funds into the market.
2. The plan for Fanny and Freddie to start buying 40b of bad mortgages a month
3. The coordinated action of G7. Even though their current plans are as of yet are vague, I think we can still be confident that no G7 country is going to let another Lehman bros happen. Hopefully this removal of fear will start filtering into the market.

I'm ready for a rally sometime next week

The most important points you didnt mention which is the numbers for US GDP and Unemployment Rate. An lower GDP and higher unemployment rate and your rally will be just another dream.

 

[Glen48]

Given it took 27 yrs for the market to get back to 1930 levels a 6 yrs after 1987 IF we do have a rally will it be a repeat or up a few % a day?
I reckons this one is Rudd backing the banks and down again Tuesday. Pity LNC didn't open today.