Hi Bill
I don’t think that the bottom of the market has been reached as yet and has still some distance to go downwards. My feeling is that Australia will not make a strong move upwards until the rest of the major world economies get their states in order, mostly banking and then their stock exchanges will follow.
Australia will at least be held in check until this occurs. The effect of the Australian stock exchange, controlling around 2% of the world stock exchange funds, is relative small so we will need to see the major exchanges of the world making a move first.
When it does occur, I feel that there will be a growing and accelerating upwards surge which may be uncontrollable. Typically the downwards bear pressure is sharper than an up tend, but there is such pent up pressure at present that I fear the bull run will be strong when it happens.
If you discover those specific stocks to be included in the next run Bill, please whisper in my ear, I wouldn’t mind making a dollar. But would that mean I will be riding on the back of a bucking bull? It’s a worry.
Regards
Ross
I don’t think that the bottom of the market has been reached as yet and has still some distance to go downwards. My feeling is that Australia will not make a strong move upwards until the rest of the major world economies get their states in order, mostly banking and then their stock exchanges will follow.
Australia will at least be held in check until this occurs. The effect of the Australian stock exchange, controlling around 2% of the world stock exchange funds, is relative small so we will need to see the major exchanges of the world making a move first.
When it does occur, I feel that there will be a growing and accelerating upwards surge which may be uncontrollable. Typically the downwards bear pressure is sharper than an up tend, but there is such pent up pressure at present that I fear the bull run will be strong when it happens.
If you discover those specific stocks to be included in the next run Bill, please whisper in my ear, I wouldn’t mind making a dollar. But would that mean I will be riding on the back of a bucking bull? It’s a worry.
Regards
Ross