Got a free trial with Huntleys so I looked at back issues out of interest. I wasnt really impressed with some of the calls they made - and from memory underperformed the market last year with their portfolio? Someone correct me if im wrong.
One of their December newsletters was saying the correction was over, and buy back in - and in each article they seemed to forget what the had been talking about the week before.
Glass was always half full, and it clearly wasnt over the time period I was reading.
I also love their buy recommendation on AIO from 9 all the way down to $3.50.
Calls for the all ords to reach 2-3k's seem too extreme a scenario for my money. Look at our biggest financial insto's for example...despite major credit problems they're still expecting huge profits. Then look at mining...commodity prices smashing through record highs as demand continues to grow, unaffected by a global financial crisis.
........If you aren't a long term investor then the sharemarket may not be for you.
A chart can tell you where a stock has been but can't tell you where it will go. You only need to read reviews of everybody's individual interpretations on other threads.
Good luck with your investments.
exactly! the sharemarket is for investors only and charts don't serve any useful purpose.
When will people learn
:fish::kebab
Temjin, I think Professor Frink may have had his tongue just slightly in his cheek with that remark.To think charts don't serve any useful purpose would mean every technical analysis traders in the world were either fraud or just extremely lucky to maintain a consistent profit. Good luck telling them that, plenty of them here.(including myself)
Be open minded to all things.
To think charts don't serve any useful purpose would mean every technical analysis traders in the world were either fraud or just extremely lucky to maintain a consistent profit. Good luck telling them that, plenty of them here.(including myself)
Be open minded to all things.
I should have clarified that, my apologies. The guy was reading Huntley's and I was presuming he was thinking about entering the market. He was asking for opinions so I assumed he was not a trader.exactly! the sharemarket is for investors only and charts don't serve any useful purpose.
When will people learn
:fish::kebab
Hi junior,
have always thought when trying to look at the big picture to include the big factores in the equation. Yes record commodities but what is the consequence??
consumption = global warming and that causes a few problems on a large scale not least the availability of fresh water
high prices = high food prices and spreading food riots
here's a couple of grabs from a quick google of these two issues
The NZ Herald Monday April 14, 2008
"Food riots in developing countries will spread unless world leaders take major steps to reduce prices for the poor, according to the head of the United Nations Food and Agriculture Organisation.
Despite a forecast 2.6 per cent rise in global cereal output this year, record prices are unlikely to fall, forcing poorer countries' food import bills up 56 per cent and hungry people on to the streets, says FAO Director General Jacques Diouf.
The FAO says food riots had broken out in several African countries, Indonesia, the Philippines and Haiti. Thirty-seven countries face food crises, it said in its latest World Food Situation report"
The Earth's Most Precious Resource May Be the 21st Century's Most Lucrative Investment - Green stocks report
"per capita access to clean water is diminishing in all developed and developing countries. Beyond that, 20% of the clean water we do have is lost every year through aging pipes and other faulty infrastructure.
An investment of over $1 trillion will need to be made in the next 20 years to ensure an adequate supply of fresh water for the world's growing population. We'll see this money go to water utility companies and other specialized companies focusing on desalination, purification, pipes, pumps, and anything else that will help increase the amount of readily accessible water.
So it's no surprise that the water companies leading the charge in solving the water supply crisis stand to make legendary profits. A few water companies have already gained over 1000% in the past few months... And to be sure, there will be plenty more to come."
while it is obvious that there are investments possibilities there, I would contend that the current economy is not structured to respond quickly to this change and the question must be how far the drop until it does restructure and deal effectively
It's been a while since this thread was opened.Calls for the all ords to reach 2-3k's seem too extreme a scenario for my money. Look at our biggest financial insto's for example...despite major credit problems they're still expecting huge profits. Then look at mining...commodity prices smashing through record highs as demand continues to grow, unaffected by a global financial crisis.
It's been a while since this thread was opened.
Low 4ks are a shoe-in.
High 3ks are coming more and more into play.
Oddly enough the US has not yet sunk into a technical recession, let alone depression.
So technical recession will lock in a 3k scenario.
And depression thereafter looks like a good bet, with the allords possibly dipping into 2k range.
It's been a while since this thread was opened.
Low 4ks are a shoe-in.
High 3ks are coming more and more into play.
Oddly enough the US has not yet sunk into a technical recession, let alone depression.
So technical recession will lock in a 3k scenario.
And depression thereafter looks like a good bet, with the allords possibly dipping into 2k range.
2000's? That's a serious depression, what sort of time frame would you be talking about here to reach that event, 5+ years? Impossible to predict that time frame, no way could you put a figure on it.It's been a while since this thread was opened.
Low 4ks are a shoe-in.
High 3ks are coming more and more into play.
Oddly enough the US has not yet sunk into a technical recession, let alone depression.
So technical recession will lock in a 3k scenario.
And depression thereafter looks like a good bet, with the allords possibly dipping into 2k range.
Let's see:what evidence/facts can you base your claims that the s/market will dip to 2k? Even Warren Buffet admitted he can't tell what the market will do the next day let alone next year.
Oddly enough the US has not yet sunk into a technical recession, let alone depression.
...I'm clearly not Warren Buffett, although like him I have no idea where the market will end up tomorrow, or next year. I am very confident, however, that the market has a long way to fall from here. It might take up to a year to bottom, or perhaps longer. I believe the allords will plumb the 3k range at some point, but at this stage would not bet on a 2k outcome.
You're right it doesn't seem low enough.Ok so the share market goes as low as 2500-2900, what would that mean.
Telstra at $2.20, NAB at $13, QBE $11, Tol around $3, BHP being resource should only drop to $30 lol, and so on.
Nothing contradictory in what I wrote: I have no idea if the allords will be higher tomorrow than today, or higher next year than today.Tried to ignore this but gave in..... because it is self-contradictory. "I have no idea"; but "I am very confident"; and then throw in the "I believe".
Yes, these are challenging times and they're not being aided, in my view, by global statements and self-fulfilling prophecies. Fear is ruling. It has almost become a competition in its own right.
I'm quite OK with saying I don't know where the market is going and that most informed opinion suggests further losses.
Beyond that point very strong evidence is needed in my opinion. I don't know that such tangible, relevant evidence is currently available. Maybe it is or maybe there's a place for acknowledging uncertainty and waiting.
Rick, I guess most of us would agree that fear is dominant at present.T
Beyond that point very strong evidence is needed in my opinion. I don't know that such tangible, relevant evidence is currently available. Maybe it is or maybe there's a place for acknowledging uncertainty and waiting.
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