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ok this bull market will not last ! there's going to be corrections, so when do you think the next bear market will be (eg next good time to buy?)
MalteseBull said:ok this bull market will not last ! there's going to be corrections, so when do you think the next bear market will be (eg next good time to buy?)
YOUNG_TRADER said:Also scott who is that scary mind controlling chap as your picture?
YOUNG_TRADER said:This bull market will last for a lot longer @ the earliest it won't slow down until late 2007 (Oil prices, terrorism and natural disasters ie Bird Flu are some dark horses however)
Unlike any other boom before this one is being driven by 2 billion people buying everyday items such as fridges, cars, tv's mobile phones and so on,
I am not just repeating what I have read, I was in China last year and all I can say is OMG!
Until you go there you cannot appreciate what its like, buildings/skyscrapers/apartment complexes going up everywhere and I mean everywhere!!!!!!! And it still isn't enough, not by a long shot, its crazy but it will take China 2 more years to till they can meet this demand
I was in India Early Last year as well and it was the same scenario, although not at an advanced stage like China, I'm told now though that there property development/ buildings are rivalling the sprawl in China,
Its Crazy never before has the world experienced 2 billlion people creating organic consumption demand like this before,
Sure the mkts run very hot, sure the heat will come out, sure it has to have a little breather like it did in Oct last year, but it will pick up again.
Throw out your text books and embrace (like most analysts finally have) that we are in a new era!
To make my point clear, we will definately have another breather, I don't know when, but am guessing June/July, but the market will keep on keeping on for a few more years to come.
wavepicker said:Young Trader,
In just about every boom/bubble I have had the pleasure of either participating or witnessing(the last being the dot com bubble) people and analysts said " Throw out the your textbooks, we are in new era, this time it's different blah blah blah". You know what? Shortly after the markets tank it and prove them wrong, over and over again.
No it is not different this time, the market is as always charged with emotion, both when it goes and when it comes down. People are people and they will make the same mistakes that their predecessors have made in the markets.
Bull and Bear markets always seem to last a lot longer than most people expect. People then reach a point and say well "this is just going to keep going and going and going.
That is the time to go against the crowd. This is difficult to do but if you look at the greatest investors such as John Templeton for example, that is what sets them apart from the crowd.
Cheers
crackaton said:This is true but have we reached that point? I think there is more kick left and perhaps you can say I told you so in 6 months or a year, but I reckon there's a bit of steam left in the ol boiler yet.
wavepicker said:Young Trader,
In just about every boom/bubble I have had the pleasure of either participating or witnessing(the last being the dot com bubble) people and analysts said " Throw out the your textbooks, we are in new era, this time it's different blah blah blah". You know what? Shortly after the markets tank it and prove them wrong, over and over again.
No it is not different this time, the market is as always charged with emotion, both when it goes up and when it comes down. People are people and they will make the same mistakes that their predecessors have made in the markets.
Bull and Bear markets always seem to last a lot longer than most people expect. People then reach a point and say well "this is just going to keep going and going and going.
That is the time to go against the crowd. This is difficult to do but if you look at the greatest investors such as John Templeton for example, that is what sets them apart from the crowd.
Cheers
money tree said:baby boomers are now turning 60. Right now, a lot of them are in high paying jobs and sending a lot of money into retirements plans. When they get to 65, they will retire, ie STOP adding to retirement plans and START drawing on them. This means, markets are likely to rise for the next few years, followed by the worst recession ever seen, starting around 2010.
I predict the Dow will be 20,000 by 2010.
I predict the Nikkei will be 40,000 by 2010.
In just about every boom/bubble I have had the pleasure of either participating or witnessing(the last being the dot com bubble) people and analysts said " Throw out the your textbooks, we are in new era, this time it's different blah blah blah". You know what? Shortly after the markets tank it and prove them wrong, over and over again.
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