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Major lows achieved during last night trading in New York. Will be a complete blood bath on ASX. I am guessing today might be the capitulation we were waiting for. We might see 3100-3200 today.
Watch out tall buildings
Major lows achieved during last night trading in New York. Will be a complete blood bath on ASX. I am guessing today might be the capitulation we were waiting for. We might see 3100-3200 today.
Watch out tall buildings
This happenedeeeeeek!!!
nasty surprise this morning!! what happened overnight??!!!
Fed Saw Economy Shrinking Through Mid-2009 Last Month (Update1)
Nov. 19 (Bloomberg) -- Federal Reserve policy makers last month predicted the U.S. economy will contract through the middle of 2009, with some prepared to lower interest rates further in response, a record of their meeting showed.
This happened
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_slZDP2pjqs&refer=home
Our old friend deflation is back. Apart from this the Citi bank is severely sick and so is Chrysler. Bush wants to cr*p on the economy before he leaves.
So now who is ready for a rally
CSL might go OK today...should buy stocks in blood...
The wheel will turn chops , stay tuned
The bubble deflates ...overcontraction, then the next bubble begins
Till then sit tight and listen to Ice House
"Great Southern Land"
No tech base cause we have unsupportive govts so our tech advances get shipped overseas for development.
Its going to be tough without strong customer demand for our products, but we do have a budget surplus and a growing world population will see our commodity strengths return
As for XOA down down to 3200 and lower probably
Cheers
Have a look at the market in 87-89 for whats going to happen with our stocks.
When the tide turns we are going to have a big rocket under our butts, for at least 40-50% gains on individual stocks until the fallout from the property market starts more seriously impacting upon the bottom line and then we will have more big falls. Have a look a the bank stocks and what happened to them in 87-89.
At the risk of sounding like an automaton, IMO you cannot, I repeat, CANNOT compare what is happening now to what happened w-a-a-a-a-a-y back in 87-89. That is now ancient history. The whole world's economic and financial dynamics have changed drastically and IRREVOCABLY since then.
Everyday now, NEW history is being written - history that is falling outside the "expected historical norms" - a fact that seems hard for some to swallow.
We are in uncharted waters and better get used to that idea for the conceivable future.
Have a great day.
aj
CSL might go OK today...
There's nothing else selling blood that I know of.....**BZZZZTTTT**
Wrong guess.
Try again...
There's nothing else selling blood that I know of.....
144 months interest free too!HVN sells plasma?
I agree, but I wouldn't say there's no precedent for it. If you look back far enough in history, meaning over a few thousand years, I believe there have been numerous instances of credit bubbles leading to economic collapse in various societies.what is happening today is a totally different situation to the 87 crash
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