[nohpc]

About to begin it's next leg up.

I like to follow Nadeem Walayat of marketoracle's inflation megatrend theory and have accumulated heavily during the recent downturn (just about breaking even on what I bought today).

It will be an extremely bumpy rollercoaster of a ride but this has been a bull market correction in my opinion.

[Kurt Barlow]

nohpc, on 15 September 2011 - 02:24 PM, said:

About to begin it's next leg up.

I like to follow Nadeem Walayat of marketoracle's inflation megatrend theory and have accumulated heavily during the recent downturn (just about breaking even on what I bought today).

It will be an extremely bumpy rollercoaster of a ride but this has been a bull market correction in my opinion.

After last months bum raping I piled in heavily and am now about 5% up plus dividends which are flowing in steadily

[Voice of Reason]

Kurt Barlow, on 15 September 2011 - 02:57 PM, said:

After last months bum raping I piled in heavily and am now about 5% up plus dividends which are flowing in steadily

Which stock did you buy last month which has already paid you a dividend?

Or have I misunderstood?

[newbie]

Pumping in liquidity because 'household name' banks would otherwise go bust = great time to get into shares. It's not just investment banking that is a casino, but the whole stock market.

[Kurt Barlow]

Voice of Reason, on 15 September 2011 - 03:37 PM, said:

Which stock did you buy last month which has already paid you a dividend?

Or have I misunderstood?

I have been buying since February but purchased a large bundle last month.

At present

Expenditure including SD & trade costs £37107

Total value of holding at mid point £38,621

Dividends to date for 2011 £855

I reckon that leaves me about 6.4% up at the end of today

[The Masked Tulip]

ALBERT EDWARDS ISSUES WARNING: A S&P 500 'KILLER WAVE' Is Forming

Read more: http://www.businessi...9#ixzz1Y2RpdDED

[Peppa Pig]

Kurt Barlow, on 15 September 2011 - 03:44 PM, said:

I have been buying since February but purchased a large bundle last month.

At present

Expenditure including SD & trade costs £37107

Total value of holding at mid point £38,621

Dividends to date for 2011 £855

I reckon that leaves me about 6.4% up at the end of today

it's kinda tacky to use absolute nos. %s please in future.

[Self Employed Youth]

I'm piling into cleaning my neighbours homes/doing old people favours, heavy lifting etc. (for tea, biscuits, sandwiches, bit o meat and tatty pie, and beer), first class stamps and job application sites.

Ladder, aldi value washin up liquid, watter and bucket soon, the recovery is ON!

[nohpc]

bulltraderpt, on 15 September 2011 - 04:18 PM, said:

I soooooooooooooooo hope he's right.

me too. It makes me salivate to think about picking up shares at 40% of todays prices. Of course you will need to ignore the background market panic that will be accompanied by such a drop if you want to make money.

[Ash4781]

Fill your boots. Greek banks shares?

[plummet expert]

nohpc, on 15 September 2011 - 02:24 PM, said:

About to begin it's next leg up.

I like to follow Nadeem Walayat of marketoracle's inflation megatrend theory and have accumulated heavily during the recent downturn (just about breaking even on what I bought today).

It will be an extremely bumpy rollercoaster of a ride but this has been a bull market correction in my opinion.

He is a clever man, but he could be wrong this time. The argument is about inflation or deflation and in fact there is both. Unless the sovereign debt problems are actually satisfactorily resolved he will be calling a return to a rising stock market too early in my view. It's all on a knife edge and I beleive there is more down time to do yet. The 30's will tell you that and the big second leg down has not yet happened this time - on that basis we are on the shoulders of the head and shoulders pattern, riding for a much steeper fall. Back then it took 20 years to recover (but we'll accept there was a WW11 in there) .

[Davetolbooth]

It will only be a bull run because of the next round of printing money. When that stops, shares will slump again.

Meanwhile, we all get poorer, because the pound gets trashed.

[Self Employed Youth]

bulltraderpt, on 15 September 2011 - 07:12 PM, said:

That helped in the end though in a perverse kind of way didn't it.

Only after the war, when the ritualised workforce manned the factories!

They had a work ethic bred into them. I'm not sure war is the best way to create a work ethic though.

[Grrrr I'm a tiger]

plummet expert, on 15 September 2011 - 07:10 PM, said:

He is a clever man, but he could be wrong this time. The argument is about inflation or deflation and in fact there is both. Unless the sovereign debt problems are actually satisfactorily resolved he will be calling a return to a rising stock market too early in my view. It's all on a knife edge and I beleive there is more down time to do yet. The 30's will tell you that and the big second leg down has not yet happened this time - on that basis we are on the shoulders of the head and shoulders pattern, riding for a much steeper fall. Back then it took 20 years to recover (but we'll accept there was a WW11 in there) .

Well, there are a couple of 'gold standards' creating their own depressions...the Eurozone and the Yuan-Dollar peg.

A large body of German exports goes to countries that Germany is busily creating a depression in. I suspect part of America's problem in getting traction out of this thing is China's position relative to them so that any increase in business is felt by the Chinese rather than domestically.


These are the real issues, not the immediate issue of potential sovereign and bank default. It is the screw of reduced gdp, reduced activity and demand, reduced trade that unless dealt with will carry on regardless.

[bmf]

Davetolbooth, on 15 September 2011 - 07:49 PM, said:

It will only be a bull run because of the next round of printing money. When that stops, shares will slump again.

Meanwhile, we all get poorer, because the pound gets trashed.

In fact it's doing crap over the last month