Where will it fall end?

[manarak]

never trust a jumping pussy...

[Monkey]

(mirimark @ Oct. 28 2008,03:24) But then again,  most Ladyboy Lovers  see the glass half empty instead of half full.

The glass certainly is half full mate...

...half full of piss

[robbo]

(mirimark @ Oct. 28 2008,11:24) you people are such Pesimists.   But then again,  most Ladyboy Lovers  see the glass half empty instead of half full.

 I think most of you are wrong..   People are still spending their mones on such frivolous bullshit.  Society has not stopped spending their money,.    As long as we keep trading my dollar fer your dollar a recession is not in our future.

 Quit being so damn gloom & doom.
I think some of you need go apply for Fox News Network.    

nice one as all ready if the truth be know there are allready a few countries just about bankrupt because of whats happinin,and do not believe that a country such as the uk can go under as it can happen.......and fast.......massive expenditure its commited to internally massive debts and growing and dwindling tax revenues and income gdp..................its real shit

[azza33]

Well folks...stay tuned and keep guessing...

The shows is far from over... this is just a normal (albeit excessive start to a retracement of the current bear market) - I'm hoping it will bounce 30-40% and then reality will prevail! (after i take my profits)

We are in a recession - earning won't be met and the markets will recommence its downward journey

[manarak]

I'm hoping it will bounce 30-40% and then reality will prevail! (after i take my profits)

your words in god's ear.

I too have some crap to dump.

I don't have anough cash, but there are some really really nice and low-priced stocks I would like to buy now...
If the cat cadaver bounces higher, I might be able to reallocate.

[alan1chef]

I think it's bottomed out. People still have jobs and money, they are just holding onto their money for now. When the deals get too good to pass up, they will buy. This ebb and flow will go on...with the market slowly gaining over time. The Fed and the new Prez will figure out a way to rescue the housing market by helping people get out of those bad adjustable loans and refinance at low fixed rates. Look for that in the spring of 2009. My glass is always half full....and it's not piss.

[azza33]

Too optimistic by a long stretch Alan. This is a good old bear market rally only.
GDP shows a contraction, the next quarter will likely be worse. Don't be surprised if the gdp figure gets adjusted lower in coming months.

Earnings will be only $70 for the S & P i suspect, come the jan/feb quarterly financials, the route will recommence.

Use this time to make a quick dollar or close out some horrible position that have improved a little and rebuy when the inevitable slump will recommence.

[jaymee]

[jaymee]

I'm too lazy to rephrase this as a reply, but I'll cut and paste from my econs blog... in sum, I feel the bottoming out process has yet to run its course with the rate cuts, yen intervention and monetary injections used to prop things up.

Alan: Bottom is not here yet since people still have jobs and money (to invest)

The arabs as well as sovereign funds are still very cash rich and haven't made any significant moves yet (save for paring down their UST long bond holdings.

I'm estimating 19th Nov for downwards trend to resume - the higher this rebounds up, the sharper the subsequent crash.

Bernanke, Paulson and Bush: Are you Hoovers in disguise?

Can a dead cat bounce?

Very muchly so.

Well on intervention. Intervention is simply delaying the market bottom

The true form and impetus of market forces are largely stemmed, as monumental efforts from worldwide governments continually fan the dying embers of a deflating global boom - truly preventing the market from seeking its bottom the natural way.

As politicians and legislators scramble to reinflate the monetary base one can't help but recall echoes from the past. Loose monetary policies in the 1920s culminated in the stock market bubble of 1929. Similarly, loose policies by the Fed, not simply in 2001, but really since post Volcker days, has led to the shambolic disasters of today.

Then, the US dollar was backed by gold and the magnitudes of malinvestment were simply constrained within limits of the fractional reserve lending system. That was gone in 1973, where the subsequent mega bull run a few years later, one of magnificent proportions stretching decades - but sadly sustained by an unrestrained explosion of credit and fiat currency into the entire system.

Simply put, the magic of unabated financial engineering managed to conjure out vast amounts of money from thin air.

Hoover-like policies of intervention and price controls by backing up worthless toxic assets have been pretty rampant these days - and to mention Hoover and today in the same breath seems unimaginable. Unfortunately, Hoover, Bernanke, Paulson and Bush only seem to be the very peas of the same pod.

Yes. Amazingly Hoover was never the laissez-faire economist that then treasury secretary Andrew Mellon was. Mellon vehemently repulsed Hoover's policies, with his cries only to be taken in vain.

Now. Contrary to popular belief vis-a-vis the Great Depression that we all grew up reading in school lessons - and in a stunning episode of revisionist history - Hoover's intervention to stem market forces only aided to prolong the depressive slump.

Contrary to popular belief. Hoover did intervene in free market forces. And intervene muchly he did.

There was a decade more to come, before the empty, lifeless factories in the USA were only then reactivated and reconfigured to build the powerful war machine that actually helped the economy to recover, albeit the horrendous ravages of war and the herald into a nuclear age.

This time round, with the people in power not seemingly learning much from pages from the past, I can only wait for clearer signs for gravity to resume its downward pull.

I truly wonder (and worry though) what would happen when the factories in China grind to a resounding halt.

[manarak]

I too am convinced that this is not the bottom...

[jaymee]

Lets wait for nov 19-20th

[azza33]

Oh Jaymee, why bother predicting stuff like that... wasting ur efforts!!!

This volatility is great for trading....

Long term holders and funnymental analysts will struggle but for me.... i'm loving it!!

[jaymee]

Big money ahead, minor trends now in a bear market

[SamplerDoc]

Too hard to predick but its gonna go down

[azza33]

oh fuck!!