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May to October has made 1% on average since 1985.
David Dredge of global hedge fund Fortress:
http://www.brisbanetimes.com.au/bus...-the-works-20150901-gjcoge.html#ixzz3kZT0YwMt
...Singapore-based Dredge says the current volatility in financial markets is in the early stage as markets react to a correction of global imbalances that will last from 18 months to three years....
...Interest rate volatility is low and, while foreign currency volatility may have risen, it is below many of the peaks reached over the past five years. Corporate credit spreads, too, are around post-financial crisis lows despite a fair-sized correction in corresponding equities.
"This is indicative that we're just at the very beginning of this," Dredge says....
I hope this guy is wrong, 18 months to 3yrs, imagine it! My bolds under.
Amazing watching the past 2 weeks, the XAO now moves with the Shanghai Index. And so does the Hang Seng and Dow Jones, then it all starts at 11:30am the next day.
XAO and Hang Seng just made a sharp 1% rally in about 30 minutes on the back of Shanghai Index doing the same.
It's interesting that more and more analyst's are getting very bearish all of a sudden. Just remember that major crashes almost always occur when everybody is extremely bullish and confident that all is well. We are nowhere near those extremes in my view.
A decent correction for U.S indices would be healthy and set up the next major leg higher.
Shanghai Market doesn't open again until Monday, so there's some clear air for the ASX / Hang Seng (2 days) and Europe / Dow Jones (3 nights).
If you're bullish, you'd want to see 2% to 3% made over this period, because if not then, when?
When the trade deficit sinks in we're in for it, and Hockey says "no recession" so it's already here.
Hope I'm wrong.
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