Another Stockmarket crash???
- Thread starter vla
- Start date
Maybe a good time to invest.
YES!
i was telling my investing partner to take profits - no, no, no wait till next week, it'll be up, you'll see.
15% down today.
i was telling my investing partner to take profits - no, no, no wait till next week, it'll be up, you'll see.
15% down today.
Not me, my shares portfolio is very light these days.
Have you set a stop loss?
I'd do it now
http://www.meta-formula.com/stop-loss.html
I think this week is just the usual waiting on interest rate outcomes , happens every time.
As for the next yr or so though, many have said right through there will be another dump yet and probably even worse than last years . I'm tending to go with that myself as the bounce just came too soon , too easy.
Plus the real numbers in the economy - we don't hear about too often unless you want to scrounge around , are still very delicate and probably more dangerous than ever if you look at debt, house prices, employment .
So still skeptical myself for now . Don't think this week is anything much to worry about though.
Cheers
As for the next yr or so though, many have said right through there will be another dump yet and probably even worse than last years . I'm tending to go with that myself as the bounce just came too soon , too easy.
Plus the real numbers in the economy - we don't hear about too often unless you want to scrounge around , are still very delicate and probably more dangerous than ever if you look at debt, house prices, employment .
So still skeptical myself for now . Don't think this week is anything much to worry about though.
Cheers
Few amateurs can make money while being whipsawed, as is happening now.
Hindsight is a wonderful thing and "trading opportunities" abound: easy to read about but hard to predict. I carefully considered buying some beaten up stocks a week ago. Fortunately I didn't.
Are we headed for GFC II? If you think it is all over and it's blue sky from here, look at the charts for the DOW during the depression years. It had an impressive rally in '30 only to fall further. I think there were half a dozen rallies before it finally bottomed. If you were investing at the time, how would you know that that was indeed the real bottom? Only those who studied the macro scene and stayed a little divorced from the chattering classes might have.
Take care and don't use margin.
Will whip saw for a bit.
But imho, its mainly credit wars between China and the US.
Obama made clear yesterday US govt isn't pulling public credit significantly anytime soon. which will force China to ease their credit tightening sooner rather than later, which will support the markets and commodities.
But imho, its mainly credit wars between China and the US.
Obama made clear yesterday US govt isn't pulling public credit significantly anytime soon. which will force China to ease their credit tightening sooner rather than later, which will support the markets and commodities.
Maybe do a search on this person Timothy Giethner,or "Obama Bank Tax" not one of them address the problem to discourage excessive risk taking,or high end Wall street bonuses,China has the world markets right where they want them,total control ...willair..
BTW,if the interest rates went about 12%,by this time next year,what do you think will happen to property prices???.
BTW,if the interest rates went about 12%,by this time next year,what do you think will happen to property prices???.
Up by the stairs and down by the elevator shaft
No, I don't get nervous because I only react to the market and don't try to predict it. My sell stops were hit last Thursday and Friday and so I'm out until it trends up again.
I will miss any big upswing but that's ok. It's the bears that kill you.[/QUOTE]
Congrats on your mechanical (unemotional) stops.
Sage words, those......it's the bears that kill you.
Up by the stairs and down by the elevator.......sometimes express
The rich, informed, and thrifty will get richer, and wastrels, the uninformed and poor will get poorer.
And Rudd wouldn't be Prime Minister.
But I put the probability of >9% rates in the next 5 years at <5%.
Maybe Swan and Rudd are starting to realize too, that just because a govt wants a higher population, it ain't going to happen unless the private sector can borrow money to build houses, migrants can borrow money to buy houses, and businesses can borrow money to expand. They might also start to realize that the higher portion of interest leaving our shores for our growing net foreign debt, damages their tax revenues by damaging the money multiplier effect. And with less tax revenue, who is going to build the public infrastructure required for population increase. there's only so much the Canadian Teacher's Credit Union can finance.
I'll buy again this month, partly with borrowed money, just as I have been every month for the last 10 years.
If you've been in the market for ten years you are excused from listening to me.
What about if I was in the market 10yrs ago, crashed out with the tech bubble and am now back in?
