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Anyone getting nervous about the continued falls in the market? I am. Already down 9% from peak.
Maybe a good time to invest.
Quote:
Originally Posted by twobobsworth
Maybe a good time to invest.
who knows?
We could be going down and up and sideways for a looong time....
1 thing is for sure.BTW,if the interest rates went about 12%,by this time next year,what do you think will happen to property prices???.
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
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,
The Bling Man, Obamarama, realizes bank bashing wins votes, but I think his advisors would have made him aware by now, that he will need loose high risk private credit around if he wants to wind back loose govt credit.
Loose credit got the US into this, and tight credit is the only thing that will get it out. But when polies and the electorate are too deluded to understand that, and want bling instead, China's vendor finance arrangement of US consumption is in the bag for another decade.
And that vendor finance deal commits China to matching every US monetary inflation move, and then some. If the Yuan moves up significantly against the USD, Chinese vendor finance has to be wound back. rock and a hard place for the US (and Europe and Australia).
China has the world markets right where they want them,total control ...willair..
Until the US wakes up and gets productive....which won't happen in my life time, I think.
BTW,if the interest rates went about 12%,by this time next year,what do you think will happen to property prices???.
If you've been in the market for ten years you are excused from listening to me.