This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Stock market doomsayers running wild

Jump to new
Julia said:
Don't expect them to give a millisecond's thought to the fact that such largesse is courtesy of borrowed funds which will eventually have to be accounted for.
Click to expand...

Yes, the cumulative parabolic of happiness largesse focused on the next election has finally caught up with governments world wide. Amongst all the backslapping of the G20 and all the finger pointing at the big bad banks, hedge funds etc, none were mentioning that it was the lax & myopic policies of central governments that created the climate for this to happen in the first place!

Exactly why their plans will fail - watch as they one by one resort to trade protectionism and currency devaluing to keep elected, let alone have any interest in solving the actual problem at hand - trying to force consumers to consume things they don't want while banks deny companies funds they desperately need to keep people employed.
 
Julia said:
As long as we have governments which are entirely focused on the short term electoral cycle, polls, and their own survival, such downside will never be allowed to happen, so politically unpalatable is it.
Click to expand...

Yep I know that is not going to happen. As I said in another thread today, and you said before, governments are only focused on winning the next election. Economies will never be able to clear naturally, so they print money to solve the problem. This doesn't work, so they create yet another problem. Governments cause the problems because of intervention, then the private sector go crazy and do what the private sector do best, try and make as much money as possible. That's natural. The clearing is not natural though because no one likes pain. Like I said, the capitalist system of economy is really quite flawed.

wonder.
 
was the lax & myopic policies of central governments that created the climate for this to happen in the first place!
Click to expand...

Yes that is so very true. Intervention caused this problem and people think intervention will fix it. Don't know how that works. What's more amazing is that the people who actually caused the problem and aloud it to run for so long are still in office. It really is an absolute joke our political system.
 


All this funnymentalist stuff is very interesting and I take it on board.

But as a chartist we are in the mother of all bear markets.

Follow the trend.

It will go lower.

All these guys at the G20 are basically just jumped up shire chairmen or despots or there because of inbreeding.

Follow the charts.

When the market tracks sideways for a number of years and then goes up with higher highs and higher lows, then we are out of it.

That picture of Brown looking at the Saudi guy with Rudd at the end of the table is about where we are at now.

A table of fools.

gg
 
Garpal Gumnut said:
All this funnymentalist stuff is very interesting and I take it on board.

But as a chartist we are in the mother of all bear markets.
Click to expand...

Yes it is very interesting and thats why I read it. My ïnvestment" decisions are purely based on charting though. It has proved over the past 6 months that even in down markets you can make money. wonder.
 

LOL, so true.

I was on the bus to work yesterday morning, and sitting behind me were 3 old ladies, declaring their hate for traders, who according to them, are the cause of this entire global economic crisis.

Just L O L.

Agree GG, we need to form a base and make some clear HHs and HLs before we legitimately move higher. I already see some are starting to think this DCB is a legitimate rally, I am going to start dumping nxt wk. For now, the wkend bender continues! Cheers to the market!
 

From my quick look a while back, resistance is just below 3800s, hence my call for a false break of it before we come off.

The strength of the rally has been enough to move us up despite some big profit taking, just enough to begin to turn the sentiment.
 
From my quick look a while back, resistance is just below 3800s, hence my call for a false break of it before we come off.
Click to expand...

Gday mate, yeah I noticed that on the chart as well ... Another chart I have shows that we all ready have broken above a longer term resistence line were the line has all ready been touched three times.

We'll see how it all plays out I guess over the next few days. Chart attached.

 
Yeh, I think they will probably move us up this wk a bit further, and start profit taking late in the wk, which will be enough to change the momentum.

That's what I'm looking for anyways.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...