Can we stick to XAO analysis, technical analysis, not other things. Ta
...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.
Incas didn't have money.Amazonian empires? that were very so wealthy then all of a sudden just disappeared?
Atahualpa offered the Spaniards enough gold to fill the room he was imprisoned in, and twice that amount in silver, in order to be freed. The Incas fulfilled this ransom, but Pizarro refused to release the Inca. During Atahualpa's imprisonment Huascar was assassinated. The Spanish maintained it was at Atahualpa's orders, and this was one of the charges used against Atahualpa when the Spanish finally decided to put him to death, in August 1533.
But it wasn't their currency. It was pure despotism.The Incas had plenty of forms of currency. Cacao beans are an important one I can think of off the top of my head, oh and you know...gold and silver...
http://en.wikipedia.org/wiki/Inca
But it wasn't their currency. It was pure despotism.
Sorry, off topic....
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.
Different details of course, with different financial structures, but same big picture.
GP
The Incas had plenty of forms of currency. Cacao beans are an important one I can think of off the top of my head, oh and you know...gold and silver...
http://en.wikipedia.org/wiki/Inca
The following is an extract from a new feed I receive...
All sectors down. ... The ASX 200 has dropped over 50% from its high and has dropped through the key 3490 technical support level – next support at 3163 points. If the market keeps falling at the current rate, it will hit zero in 22 days.
A sense of humour helps!
Cheers
Sounds like a lot of fear in the air at the moment...Buffet - "be greedy when others are fearful"
Thought these charts would be better at home in this thread -
Any technical traders care to comment on the charts?
On the uncharted territory claim:
Nov 17 The Stock Market is Not in "Uncharted Territory" PF - John Mauldin
http://www.safehaven.com/article-11861.htm
Take from it what you will.
A significant break of the October lows could prompt "weak" holders to abandon stocks, which would create a need for a sufficient discount for "strong" holders (mainly value-conscious investors) to purchase those shares. Again, my impression is that in the event of a clear break of October's lows, 780 on the S&P 500 would most probably be where value-conscious investors would exhibit very strong demand.
As a side note, do your best to filter out comments like "investors are moving out of stocks and into ..." or "investors are selling into this decline" or "investors are buying into this rally." On balance, investors do not sell shares, and they don't buy shares. Every share purchased is a share sold. The only question is what price movement is required to prompt a buyer and a seller to trade with each other. No money will come off the sidelines into stocks. No money will come out of stocks and onto the sidelines.
All such talk is non-equilibrium idiocy. Keep in mind that the "market" consists of different traders with a variety of time-horizons, risk-tolerances, and analytical methods (e.g. technical, report-driven, value-conscious). It is helpful to think in terms of which group of individuals is likely to do what, and when. It is equally important to know which group of investors you belong to. As the old saying goes, if you're at a poker table and you don't know who the patsy is, you're the patsy.
Yeah, but those guys obviously don't read their stars... that 'Morning Star' is still in tact on the Dow which seems to be showing the way, mostly.
eeeeeek!!!
nasty surprise this morning!! what happened overnight??!!!
is this a capitulation anyone??
Yeah, but those guys obviously don't read their stars... that 'Morning Star' is still in tact on the Dow which seems to be showing the way, mostly.
Wouldn't be surprised to see a little bounce here in OZ!
the question, is the rubber band fully extended? if so, it could bounce back hard. not saying it will, but the risk is about 50/50.
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