I'm not saying "this is it", the start of GFC2 today.
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No, on the 1st May 2010 you called the start of GFC2 for May/June 2010
http://www.somersoft.com/forums/showthread.php?t=61852
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I'm not saying "this is it", the start of GFC2 today.
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Sooooo - what to buy late Monday?
Yeah, don't speak too soon. Europe has already bounced back 2% from open (after it was down 4%). .
No, on the 1st May 2010 you called the start of GFC2 for May/June 2010
http://www.somersoft.com/forums/showthread.php?t=61852
A beer or a coffee would be my bet.
Yeah, not unlike all the others investors today that got hit in the market holding on and hoping it recovers back to 5000 because all the economists keep telling them the world is heading for recover.
Anyway, looks Monday will be another blood bath on the share market (1.5-2.5%), going by the early Europe lead. Will be interesting to see where it ends up in UK and US. Ohh well, you have a few bad days in-between. Average down and get it on the way up next week.
Even I knew that the world was heading into a double dip, but I was not expecting it so soon.
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There really is no GFC2, because GFC1 never really ended. .
I believe that there is only a low probability of the world entering into another 'double dip' as a whole, and also more importantly for the US.
And as usual, in the short term, markets over/under react. The more a market overreacts to something (such as the stimulas from QE3, from excessive future earnings expectations) the more it overreacts when it realises it overreacted in the first place.
Bravo Bluey, bravo.
The forum is moving steadily in line with the All Ords if the p.i.s.s.i.n.g competition that some of us think we are in, by having them tell us how they shorted some obscure stock and made squillions or beat their chest (and what ever else they beat off on) about some great stock pick during one of the greatest natural disaster's Japan has known and made a few bucks.
You have become your own caricature.
Nostradamus couldn't have said it better. Thank you, Bluey. I'm now completely convinced that property investing is as speculative as penny stock trading, and will follow you all the way down the spout to prove it!
Good luck with that if US unemployment figures come out more than 9.2% tonight.It's a synergy. Use one to better fund the other. Hey mate, when I'm $12K up next week on a resource market bounce (on a $160K exposure), I'll be thinking about you working for months to save that amount for a loan deposit.
Good luck with that if US unemployment figures come out more than 9.2% tonight.
Do you have adequate risk management stategy in place?
edit: DAX & FTSE both down 2+% in the opening hours.
On another stock forum there is quite a lot of Elliott Wave analysis that is pointing to this mark.I'll trade a rally up back up to 4500 before maybe the next down leg. I think the world economy is so messed up that we'll be testing GFC level ASX 3200 in 14-15mths.
Good luck with that if US unemployment figures come out more than 9.2% tonight.
Do you have adequate risk management strategy in place?
edit: DAX & FTSE both down 2+% in the opening hours.
Good luck with that if US unemployment figures come out more than 9.2% tonight.
Do you have adequate risk management strategy in place?
edit: DAX & FTSE both down 2+% in the opening hours.
SPI Futures still at 4060. Interesting to see if that pulls up in the next few hours.
There you go property investors see how easy it is.
Bluestorm is tipping the start of GFC2 and his plan is hold his losing positions then average down then get it on the way up next week.
Mate you have to be having a lend of us.