well, well here we are.. about a year since this thread was started.... http://www.somersoft.com/forums/showthread.php?t=37403
finally there is acknowledgement of a slowdown, and appreciation of the size of this whole problem... it took a while but its happened.. and as suggested post olympics period has been cruicial .. IMF, OECD, various govts all worthless forecasts .. it was clearly evident a global slowdown was coming, but very few wanted to accept it...
US - recession
UK - recession
NZ- recession
Uero - close to recession
Japan - close to recession
Aus - close to recession
China, India - slowed down
where to from here?
hard to tell .. economically still of the view, as have been for many months that we head into a recession next year..
looks like equity markets have finally taken the various risks and slowdown into account and are reflecting fundamentals. Not saying they wont go lower, 3400 - 3500 seems like the absolute low from TA perspective.. But they are reflecting close to reality. Picked some for the long term last week.
resi property .. still holding out.. has been a long but worthwhile wait .. reason being unemployment and lower migration hasnt hit yet, companies havent really started slashing costs, which they will soon do... i expect mid-late next year to start looking at some props... will analyse the situation then.
happy investing
finally there is acknowledgement of a slowdown, and appreciation of the size of this whole problem... it took a while but its happened.. and as suggested post olympics period has been cruicial .. IMF, OECD, various govts all worthless forecasts .. it was clearly evident a global slowdown was coming, but very few wanted to accept it...
US - recession
UK - recession
NZ- recession
Uero - close to recession
Japan - close to recession
Aus - close to recession
China, India - slowed down
where to from here?
hard to tell .. economically still of the view, as have been for many months that we head into a recession next year..
looks like equity markets have finally taken the various risks and slowdown into account and are reflecting fundamentals. Not saying they wont go lower, 3400 - 3500 seems like the absolute low from TA perspective.. But they are reflecting close to reality. Picked some for the long term last week.
resi property .. still holding out.. has been a long but worthwhile wait .. reason being unemployment and lower migration hasnt hit yet, companies havent really started slashing costs, which they will soon do... i expect mid-late next year to start looking at some props... will analyse the situation then.
happy investing
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