Why must people always jump to the extremes?
I'm on the record in this forum from 15 months ago (approx) as predicting a sideways market and ive been 100% spot on....and currently see no reason to change that view because nothings changed.
Boggo's 2600 is outside my predicted range...and is not realistic IMO as it means a fall of another, what 35% ~ BHP at under $26 and CBA under $31 .. not without civil war in China.
FFS So_Cynical read the title of this thread. .
I know, start your own thread, hey, I'll even name it for you: "Who thinks we are heading for the mother of all booms?"
It is going to get very nasty over the next 4 weeks. I am out on Monday and in to 100% cash.
gg
Today is gonna be a nasty one, maybe 10-15% off most resource stocks. Hold on to your hats Wayne Swan wont save you now.
Good call GG
MW
What do you mean Good call, the resource sector is down about 3%. No where near 10% - 15%.
so it follows a recession is required.
Maybe it is, maybe it isn't, who cares.
Even if a recession happened, we would eventually be on the other side.
And the majority who sold out of the worlds best assets to the few who could see far enough into the future, would have enriched the few beyond their wildest dreams.
I don't know about you, But I prefer to "BUY in Gloom, sell in Boom" rather than the other way around, I have an all weather Investment operation, so I don't mind the odd storm or the odd over reaction to whether predictions.
Cheers,
TB
Agree completely, it just depends whether you require the money e.g retired or are able to ride through it. But good opportunities will present themselves.
According to the Research Company marketsdna.com, global markets will fall completely though the floor next week due to Comet Elenin aligning between the Earth and the Sun on the 26th September. There is so much conjecture about Comet Elenin, at this point of time it is hard to distiguish between fact and fiction. Either way, we all will know the outcome early next week.
http://www.youtube.com/watch?v=0p89rPQkZPM
Great buying oppurtunity at 3700, just pick your long term position, they will be all cheap. IMO
Commodities are starting to get hit now, can't wait for the carbon tax to get through.
Great buying oppurtunity at 3700, just pick your long term position, they will be all cheap. IMO
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