WOW! They are predicting 3 recessions in 1! Is that a super recession?
Does make sense.....
A question, does anyone think here there is anything in the following volumes to sellers and buyers?
WOW totals (Buyers 650) (Sellers 390) but the volumes units are about the same.
RIO totals (Buyers 1040) (Sellers 480) but the volumes units are about the same.
Similar for many others eg: BHP, CBA, NAB. there are twice the about of buyers as sellers for the same units and it has been like this for days!
My un-educated guess:
- The educated are unloading to the unsuspecting?
or
- The educated are buying small amonts adding to their holdings from panicking sellers.
Does it depend on which side of the tree you sit on for an answer?
comments:
Some of the possible drivers of the US market which may affect the colour of our day.. or the way we squeeze our fresh brekky oranges...
Some stock reports attributing afternoon gains on stocks on the conference call from MBIA who does not see its rating in trouble and who actually offered AMBAC $5 bln in reinsurance.
Bad news from ratings agencies has been mostly ignored today in this stock rally with S&P reporting that a rise of a downgrade is at a two-year high and with Moody"s raising expectations of subprime losses to 14-18% earlier this morning from current actual losses of only 1.5%. Earlier today, Fitch downgraded US Auto ABS bonds and also reported that losses on Prime US auto ABS surged 60% in December on a year-over-year basis. The FDIC warned today that hundreds of thousands of foreclosures are looming and also noted today were a number of job layoff announcements.
S&P has cut FGIC ratings and put MBIA and XLCA on ratings watch negative. The move was announced only 8 minutes before the market close, fuelling the sharp fall in the stock market off the highs.
The "news", or more accurately rumours, I post are what is actually floating around the floors...
All this talk of a market crash is truely mad. The market hasnt been this cheap in 18 years. The PE 's are below the long term average and if im not mistaken through out history sharemarket crashes occur when PEs are in their high 20's to 30's.
World markets seem to have fallen more than the US markets where all the problems are coming from. People should just get over it, so what if the US slows down. The 97 asian financial crisis had a bigger impact to Australia and yet we were able to pull through.
Absolutely the most important thing to me also. I have a live feed to the floor on Wall Street which I usually try to watch also at least for the opening hour or so to get the feeling for the day.
When I read posts like this I get vision of a child with his hands over his ears repeating "I can't hear you, I can't hear you", which is fine as long as you keep your hands over your ears. However sooner or later you have to take them away and face reality.
I assume your talking about forward PE's, which are practically useless around economic turning points. It's baffling why investors continue to put so much faith in forward earnings estimates of analysts. Just 6 months ago, S&P500 earnings growth was forecast at 10%+.Latest figures show about a -20% decline.
Again the false expectation that global markets should move in sync. Of course we'll pull through, we always do. However, the 97 asian financial crisis is going to pale in comparison to the unwinding of the largest credit bubble in history and thus its effects will be much deeper and long lasting.
Chinese GPD figures out yesterday show that the slow down in the US has yet to effect their economies and as long as they continue to grow is hard to see that the demand for our resources to drop.
I donno why you say the forward PE's are practically useless.
With Iron ore to remain tight this year its hard to imagine BHP of RIO to not meet expectations.
Btw these companies that i have mentioned make up nearly 20%+ of the ASX200
and their forward earnings for this year and next are absolutely solid.
Chinese GPD figures out yesterday show that the slow down in the US has yet to effect their economies
and as long as they continue to grow is hard to see that the demand for our resources to drop.
Chinese GPD figures out yesterday show that the slow down in the US has yet to effect their economies
You guys are absolutely right WE ARE DOOMED!!!!!!!
You guys are absolutely right WE ARE DOOMED!!!!!!!
So far the zig-zag pattern you predict has been following the script, with the exception on the magnitude of the bounce. Do you still see 6100 as the magic number ? i.e if we break 6100 we will shoot up to bullish view, and if 6100 failed then we'll see 4800 sometime in the middle of the year ?No. I'm wrong if we break up through 6100. The higher this bounce goes the less likely we'll see 4800 in the near term and more likely we'll see 4800 as the larger wave pattern unfolds.
BHP really punched the bears right in the face today. Thats what you get for shorting fundamentally sound stocks.
Long run the bulls always win.
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