trick is not getting killed shorting in the next few weeks of potential up thrusts imo
Interesting opinion.
Mine is still where it has been for a while.
Bearish as we are still in a medium term up move short term down move.
Not buying longs was selling them all day. (No not shorting).
And there is talk of the stimulas being unwound!
A good article on what may follow..
http://www.zerohedge.com/article/sprott-beyond-stimulus
G
And there is talk of the stimulas being unwound!
A good article on what may follow..
http://www.zerohedge.com/article/sprott-beyond-stimulus
G
Expect all the doomsdayers will go quiet again and wait for the next few days of sell offs before they pop out again. .
Expect all the doomsdayers will go quiet again and wait for the next few days of sell offs before they pop out again. Let's say the contrarians are correct, that there are still some fundamental wrinkles in the system to iron out (and there will always be some). As an old red ragger I recognise there are still some significant ones out there.
Fact is China won't change their system in a hurry, they want domestic growth and have the will and $s to drive that. The US have had enough GFC for a few years and haven't the stomach to face another. A serious downturn in the stockmarkets would slow down the real economy recovery as well.
Some ramblings to underline my conviction the ASX will continue to recover towards 5000 with a few minor corrections along the way.
Begs the question of will the current reforms slowly going through happen in time to avert another GFC not long after we've recovered from this one? I would be all for reducing the influence and paypackets of the finance industry for starters. ASX being reined in will not hurt, as long as ASIC is up to it.
Fact is China won't change their system in a hurry, they want domestic growth and have the will and $s to drive that. The US have had enough GFC for a few years and haven't the stomach to face another. A serious downturn in the stockmarkets would slow down the real economy recovery as well.
Some ramblings to underline my conviction the ASX will continue to recover towards 5000 with a few minor corrections along the way.
Hey Nun - why the continued secrecy on your leading market darling. Weren't you taught to share in the monastery?
Struth, you need to do a bit of research, China is in all sorts of sh.t The current reforms are failing everywhere, open the eyes and study some proper analysis.
Confirmation bias. We are all guilty of it.Ex
What is proper analysis?
Is it an article on a blog written by someone whos opinion is the same as yours or is it figures released by Economists, Government bodies or supposedly independent bodies?
Many of the conspiracy theorists on here debunk most of the reports by a lot of the bodies or recognised Economists yet choose to link to Blogs to articles written by, in many cases (but not all), someone who has no standing in the Business or Economic community.
However many on here will remark at what a brilliant article it was.
Imo it was a brilliant article to them because it backs up their thoughts on the direction of the market, not because its statistics are any more correct or verifiable than those released by other sources.
So what is proper analysis?
Ex
What is proper analysis?
Is it an article on a blog written by someone whos opinion is the same as yours or is it figures released by Economists, Government bodies or supposedly independent bodies?
Many of the conspiracy theorists on here debunk most of the reports by a lot of the bodies or recognised Economists yet choose to link to Blogs to articles written by, in many cases (but not all), someone who has no standing in the Business or Economic community.
However many on here will remark at what a brilliant article it was.
Imo it was a brilliant article to them because it backs up their thoughts on the direction of the market, not because its statistics are any more correct or verifiable than those released by other sources.
So what is proper analysis?
Ex
What is proper analysis?
Is it an article on a blog written by someone whos opinion is the same as yours or is it figures released by Economists, Government bodies or supposedly independent bodies?
Many of the conspiracy theorists on here debunk most of the reports by a lot of the bodies or recognised Economists yet choose to link to Blogs to articles written by, in many cases (but not all), someone who has no standing in the Business or Economic community.
However many on here will remark at what a brilliant article it was.
Imo it was a brilliant article to them because it backs up their thoughts on the direction of the market, not because its statistics are any more correct or verifiable than those released by other sources.
So what is proper analysis?
Proper analysis is when you stop listening or taking any notice of anyone else and go to some good books and learn to measure the real value of the markets for youself. To measure proper p/e against liabilites hidden, (which has unfortunately become the norm) is not an easy task.
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