Will the market experience a big drop again?

[GundamZeta]

will the big drop in Oct & Nov happen again in near future?

or the worse day is over....

cos im thinking to get in the market now or wait till the next drop to buy some cheap blue chip for long term :

 

[Flip]

maybe. who knows. I'd suggest investing in educational material.

 

[sails]

will the big drop in Oct & Nov happen again in near future?

or the worse day is over....

cos im thinking to get in the market now or wait till the next drop to buy some cheap blue chip for long term :

LOL - we'd all like to know for sure... If you take the time to read the posts at ASF, you will find some think it might be, some are not sure and some say it's not...

In reality, one side will be right - the other wrong. That's were money management comes in - to keep losses at a mimimum.

 

[ThingyMajiggy]

Well duh, ofcourse it will! Just put a minimum of 13 indicators on your charts and then throw everything you have on it going down, thats it. Or you could go rub the kettle and see if anyone pops out to tell you which way it goes


No no no....but really.....no one knows, its true

 

[Sean K]

Well duh, ofcourse it will! Just put a minimum of 13 indicators on your charts and then throw everything you have on it going down, thats it. Or you could go rub the kettle and see if anyone pops out to tell you which way it goes


No no no....but really.....no one knows, its true

So, you're saying it's going to drop another 50% Sam? Or 100%?

Or, are you saying you don't know?

 

[Johno]

I think we are at the bottom or close enough to it. I am staggering money in a little bit at a time and keeping a close eye on things. Thats what im doing and I am currently sitting at 5% down. Not too bad.

Ive kept an eye on any companies that i hold that start looking dicey and get rid of em if i cant sleep on it. Rio is a good example. I got rid of them a day after i bought them because i didnt like the amount of debt and the whole BHP takeover wasnt worth entering into. I could see that Rio was going to pin BHP down for too long even if it went ahead. Far too many other good companies to invest in.

I am scooping up some solid companies right now. I am going for companies with good balance sheets, low debt/equity ratios and trying to stay in the top 50. Even if it hits 2500 to 3000, i will still be doing quite good in the long run and it just represents another opportunity to buy more to even it out.

I just bought some more today ahead of tomorrows expected interest rate cuts. I would think tomorrow will be a rally.

Most importantly do your own research because no-one knows what will happen as the others have already said.

 

[ThingyMajiggy]

So, you're saying it's going to drop another 50% Sam? Or 100%?

Or, are you saying you don't know?

You can't tell? The last 5 words are honest, the rest is sarcasm.

 

[Juan Mortyme]

On Bloomberg TV early this morning I heard David Tice of Perennial Bear say that he sees a further 50% drop in US stocks.

 

[Juan Mortyme]

Here's the link on what I saw on Bloomberg TV earlier :
http://moneynews.newsmax.com/streettalk/david_tice/2008/12/08/159545.html

 

[rhen]

http://au.youtube.com/watch?v=9HKN-A0EqyA
Ensure you stay to the 8 min mark with Faber's thoughts.
Remember they are his opinion, unfortunately, they are well supported (imo).
Read the market today.
Watch GOLD and successful gold miners (my favourite is CTO...in which I have shares)...be careful...cash may well be king?
Some have suggested that the market will have a bounce and then...
No one can give an unequivocal answer to the question but I believe the odds are in favour of a "yes".

 

[nunthewiser]

I.M.O .NO we have not seen the bottom yet ......... IMO we will hit the 2,s , anyways..........each to there own and paddle your own canoe ........ if you reckon we hit bottom .....cool ...personally think not

enjoy the rallys while they are there tho

avaniceday

 

[cutz]

will the big drop in Oct & Nov happen again in near future?

or the worse day is over....

cos im thinking to get in the market now or wait till the next drop to buy some cheap blue chip for long term :

If it doesn't punch through 3200 then the worst is over

 

[CAB SAV]

Yes. The problem has gone from talking in billions to fix to trillions. Throwing $10-20 trillion at a $1,000 trillion derivative problem has created bottom, no, not for me.

 

[>Apocalypto<]

will the big drop in Oct & Nov happen again in near future?

or the worse day is over....

cos im thinking to get in the market now or wait till the next drop to buy some cheap blue chip for long term :

in Bear markets prices normally go down so sure why not :

 

[akamitso]

Is a frogs ar$e water tight?

 

[Sunder]

You registered in September, had us waiting with bated breath for your first post... And that was it?

Profound

Just to make this relevant, yes, I do think there will be another drop some time soon. The basis for this assumption is as simple as follows.

If the share market looks ahead 6-12 months, then do I expect economic conditions to be better, or worse in a year? And my answer is "worse". So more drops coming.

 

[sinner]

Throwing $10-20 trillion at a $1,000 trillion derivative problem has created bottom, no, not for me.

Thankyou, my thoughts exactly!

 

[akamitso]

You registered in September, had us waiting with bated breath for your first post... And that was it?

Profound

Just to make this relevant, yes, I do think there will be another drop some time soon. The basis for this assumption is as simple as follows.

If the share market looks ahead 6-12 months, then do I expect economic conditions to be better, or worse in a year? And my answer is "worse". So more drops coming.

Congrats mate you've made over a 100 posts of drivel. Although unlike your last post, I managed to drum up an honest response via an analogy which conveys the message whilst stimulating the reader with added humour.

Honestly you've just claimed that things will get worst.. How? Why? Did you raise your finger to see which way the wind blew? Flip a coin? Or have you just been persuaded from the copious amounts of pessimistic media?

 

[basilio]

Well actually most people from analysts to the simple punters on this forum are seeing things like :

1) The steepest falls in comsumer sales since the depression
2) Widespread layoffs across financial, manufacturing and service industries. The effect of many of these has yet to hit the economy
3) The largest amounts of consumer debt in relation to GDP yet seen in history. This is not going to help consumer spending
4) A collapse in resource prices because of the collapse in consumer demand and therefore manufacturing
6) A continuation of the collapse of financial institutions as excessive mortgage debts unwind and the reality that much car, credit card and consumer debt is vulnerable
7) The expose of the 50 billion dollar Madoff scam, its impact on the already fragile financial institutions around the world and the possibility that may be a few more little packages waiting to explode.

Have I left anything out? Probably but hell its Christmas and we don't want to spoil the festive spirit.

 

[Sunder]

Well actually most people from analysts to the simple punters on this forum are seeing things like :

... [snip]

Have I left anything out? Probably but hell its Christmas and we don't want to spoil the festive spirit.

Does look like I really hit a nerve with him doesn't it? A little sarcasm goes a long way on this forum.