Friday, January 30, 2009

The current recession is far worse than what we faced in 2001/02, warns Kirby Daley, senior strategi

Equities to Fall Further,

Need to prepare themselves for a further decline in valuation

Posted by chris @ 03:58 AM (770 views)
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3 thoughts on “The current recession is far worse than what we faced in 2001/02, warns Kirby Daley, senior strategi

  • BIT of book talking eh Chris? Having said that yes he talks alot of sense. I think the drip feed inbto commodities is right too – particularly the softs and oil. In other words he seems to be advocating a bit of pound cost averaging (or is that dollar) so that you have a position in commodities in preparation for the inflation post deflation. Personally i would be drip feeding some now and be prepared to drip feed larger amounts should the commodity markets fall further – i would prob use the FIB series to do so based on a month. Some commodity index might be a good place to start.

    Of course short term he may be right or he may be wrong, and short term only io would go against him….. but the S&P market in particular is at a key level right now (H&S top pattern of the Inverse S&P [ETF: SDS] and a retracement back to the neckline – which implies more upside for the S&Ps – versus a key move should there be a violation of that neckline). Of course we have some data today that may cause a bit of volatility.

    Obviously whatever happens in the US will have a knock on effect in Europe. Either way shaping up for an interesting day today.

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  • What are the kind of funds that take you eye TM?

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  • bluebeach – good question! To be frank i had not given this any thought until now, so i will do some research probably over the weekend.

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