Well the DOW for example is at a 5 year low. While bad it's hardly a depression or total "get out your beens and in your shelter" collapse
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Complete global financial collapse
- Thread starter StrongTurd
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Well the DOW for example is at a 5 year low. While bad it's hardly a depression or total "get out your beens and in your shelter" collapse
it may only be a 5 year low. but that hides the fact that it is 40% off it's highs this time last year. that will have an impact on consumer cofidence in an environment where the economy is already slowing. a combination that is not great.
Not yet. You're seriously in denial man. Can't you believe that the GOP would be able to screw things up so badly?
BBSA
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This is a buying opportunity which will only come once in our lifetime!
Not sure what you mean but Brazil, Argentina, Venezuela, Hungary, Iceland and Pakistan have asked or may be asking the IMF to bail them out. If anything its the emerging markets that will fall. China is fsked but they've been loaning to inefficient businesses more than the US.
Let's just say the US is going to have it the easiest.
ROFL clearly you've been indoctrinated. Yes it's all their fault as is always the case
. Time will tell.
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supersunbird
Honorary Master
We're ****ed, not much can be done. lol
sand_man
Honorary Master
Agreed the All Share touched 33000pts in May this year, at yesterdays close is was on 18459pts... That's unparalleled but if you sitting on cash now would be a good time to go shopping for some shares. In fact I would even encourage people to re-mortgage their houses and pump the cash into the markets. The bottom has to be close, it simply cannot drop much further and when it recovers it will peak at 35000pts before April next year.... That's my prediction...
What makes you say that? The stock market has been an overvalued pyramid scheme for a long time. My feeling is there's a way to go yet before the stocks actually reach values that the companies are worth.Agreed the All Share touched 33000pts in May this year, at yesterdays close is was on 18459pts... That's unparalleled but if you sitting on cash now would be a good time to go shopping for some shares. In fact I would even encourage people to re-mortgage their houses and pump the cash into the markets. The bottom has to be close, it simply cannot drop much further and when it recovers it will peak at 35000pts before April next year.... That's my prediction...
sand_man
Honorary Master
Agreed however I wouldn't say these self same companies are 40% over valued which is what their shares are trading for now, that and greed, greed alone will drive the markets up again, investors will soon be falling over themselves trying to re coop their loses...