interestrateripoff Posted March 12, 2009 Share Posted March 12, 2009 What's causing such a big bounce on the Dow this week? Is Obama the messiah again? Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted March 12, 2009 Share Posted March 12, 2009 What's causing such a big bounce on the Dow this week?Is Obama the messiah again? Nope-the Citi announcement Monday. Pankrit whatshisname said something like "looks like we made a profit in the first two months of 09 providing we can value all the shit on our balance sheet in our own dumb-ass way". I paraphrase as he said the same sort of crap in Q4 08. Don't know why people believe him but there you go. Quote Link to comment Share on other sites More sharing options...
slurms mackenzie Posted March 12, 2009 Share Posted March 12, 2009 Nope-the Citi announcement Monday. Pankrit whatshisname said something like "looks like we made a profit in the first two months of 09 providing we can value all the shit on our balance sheet in our own dumb-ass way". I paraphrase as he said the same sort of crap in Q4 08. Don't know why people believe him but there you go. BofA promising to turn a profit for 2009, GE downgrade less than expected, better than expected sales and on the technical side a few people expecting a bear rally, could all be factors, Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted March 12, 2009 Share Posted March 12, 2009 Inventories down as well. Companies being bought, GM says no new cash. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 Cash in the bank is going to go down in value because of inflation so its being spent quickly. Gold was up and the stock market was up !!!!! Whats that all about then? It's on Daddy Bear's list / timeline of events but I think he's got it in the wrong order OR he needs to add another "Rush to assets" I believe this rally is the real deal for quite sometime unless the bond market collapses. They ARE going to reinflate the bubble, they have no other policies. I went into the market monday big time but I truely believe it's going up but I also truely believe all of the bearish views on here. Quote Link to comment Share on other sites More sharing options...
repetitive bleats Posted March 12, 2009 Share Posted March 12, 2009 i was going to cash in my Nat West ISA last week which has performed abysmally over the last year and a half. spoke to the 'advisor' who said well all the markets are down so its to be expected (don't they short stuff?) anyway - i remember reading an article in Money Week who have been a lone voice of sense in the last year or so and read an article that said share prices were going to shoot up around Thursday this week (i'm sure i'm not imagining it!) and on that basis I though 'stuff it - i'll hold on and maybe give it a week or two before I cash out. i've not checked the price of the ISA (possibly its this week that the muppet fund manager learned how to short) but it bodes well. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 keep it! Great Inflation hedge. If it all goes hyper look at the Zimbabwean stock exchange graph. Quote Link to comment Share on other sites More sharing options...
Confounded Posted March 12, 2009 Share Posted March 12, 2009 keep it! Great Inflation hedge.If it all goes hyper look at the Zimbabwean stock exchange graph. . Can you post a link, I would be interested to see that and not sure where to look. Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted March 12, 2009 Share Posted March 12, 2009 (edited) keep it! Great Inflation hedge. Err, Gold is going up because every thing else is deflating not because it's inflating, in Zimbabwee they're all running about cutting each others arms and legs off, one would expect a rise in inflation. Edited March 12, 2009 by time 2 raise interest rates Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted March 12, 2009 Share Posted March 12, 2009 What's causing such a big bounce on the Dow this week?Is Obama the messiah again? The market has fallen so much recently, that we were due a bounce. Pretty incredible that the markets respons to a lack of bad information by soaring. Dead cat bounce all the way. My guess that they DOW will get down to mid 5k before eventually stabilising into the medium term. Could be wrong though. Quote Link to comment Share on other sites More sharing options...
Errol Posted March 12, 2009 Share Posted March 12, 2009 It could be a dead cat bounce. But, if we end up with massive inflation the market could also go to 20,000! Either way, we're screwed. Quote Link to comment Share on other sites More sharing options...
STRLondon Posted March 12, 2009 Share Posted March 12, 2009 If the FTSE rose to 20k and you didnt have any more in it, you really would feel a bit sore. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 If the FTSE rose to 20k and you didnt have any more in it, you really would feel a bit sore. I've hedged enough to make sure I wont be sore and if it goes to 1500 well so be it. Would be any easy way of paying off the old mortgage. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted March 12, 2009 Share Posted March 12, 2009 If the FTSE rose to 20k and you didnt have any more in it, you really would feel a bit sore. ....and if my brother was a girl he would be my sister. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 A.steve ??? Why did gold and the stock market go up? In this enviroment i thought this shouldnt happen. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted March 12, 2009 Share Posted March 12, 2009 A.steve ??? Why did gold and the stock market go up? In this enviroment i thought this shouldnt happen. It's happened a few times lately & also the reverse. get hovering over that sell button. Mark my Words. Quote Link to comment Share on other sites More sharing options...
24gray24 Posted March 12, 2009 Share Posted March 12, 2009 It must be easier for large stockholders to sell significant chunks of shares undetected when the market is going up? Pump and dump? Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted March 12, 2009 Share Posted March 12, 2009 It must be easier for large stockholders to sell significant chunks of shares undetected when the market is going up? Pump and dump? ETF's exchanging for physical. Beware the comex default. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted March 12, 2009 Share Posted March 12, 2009 ETF's exchanging for physical.Beware the comex default. what do you reckon errol ? Mr Grumpy want's to know why gold has gone up & the DOW Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 It's happened a few times lately & also the reverse.get hovering over that sell button. Mark my Words. Fine but "trust me" doesnt do it for me.... Why, what do you think is going to happen and when? lets talk... this is what it is about.. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted March 12, 2009 Share Posted March 12, 2009 Fine but "trust me" doesnt do it for me....Why, what do you think is going to happen and when? lets talk... this is what it is about.. Not sure on the timing but I agree its likely. well you seem to be in agreement slooooooooooooooooooooooow motion. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted March 12, 2009 Share Posted March 12, 2009 Fine but "trust me" doesnt do it for me.... ok then. Mark my Words. 2 years in waiting, 2 years preparing, sloooooooooooooooooooooooooooooow motion. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted March 12, 2009 Share Posted March 12, 2009 It must be easier for large stockholders to sell significant chunks of shares undetected when the market is going up? Pump and dump? How about this. FTSE 100.Most financial companies down to minimal market caps.Downside wont affect the index itself much from here. Big oil,pharma,telco and commods who all gain from falling sterling trading at muti year/decade lows. Interest rates at 0.5%.Massive fiscal loosening in all economies. Some companies increasing profits ie Morrissons today.Inflation is in the system,deflation doesnt exist apart from in asset prices ie housing. Huge mega-mergers ie Merck.I work in the industry,the big players know these are bargain times to move.Expect more. FTSE compared to other world markets is much more defensive.Pharma,tobacco,oil,utilities make up a large part of the index. The stock market has nothing to do with the housing market. Yield 5.3% all share.Rock solid part of that around 4.2% (GSK,BP,VOD,BAT,BG,TESCO,ASTRAZENECA,UTILITIES,etc) will all raise dividends through this downturn and out the other side.All inflation and currency hedges. 15 years of malinvestment of capital in housing coming to an end. My opinion regards stock markets and i accept it will be shot down.I think the next 20 years will see a sustained and huge bull market in stocks.I think the UK economy will lag by a long long way,but the UK economy isnt what drives the UK stock market,and certainly not Asian stock markets. Could we see a decade long bear market in stocks going forward.Yes.Could the markets half again.Yes. You pays your money and you takes your chance. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 12, 2009 Share Posted March 12, 2009 (edited) well you seem to be in agreement slooooooooooooooooooooooow motion. Pounds devalues, yes that is inevitable but I cant relate that to say the DOW going up or gold which is internationally traded. I can understand why people may want to buy gold and stocks instead of having cash going down in value in the banks. Please explain more Edited March 12, 2009 by Mr Grumpy Quote Link to comment Share on other sites More sharing options...
durhamborn Posted March 12, 2009 Share Posted March 12, 2009 what do you reckon errol ? Mr Grumpy want's to know why gold has gone up & the DOW Inflation being rammed into every FIAT currency. Quote Link to comment Share on other sites More sharing options...
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