Tip Asx To Drop And Bottom Out By The 15th Nov.

[gtfpv]

ASX TO DROP TO 3200 BY november 15th . this will be the bottom of the market . the dow jones will drop to 7500 also .
heard from a so called guru . on talkback radio .

not being into financial economics . what do people think will happen if this happens . ie . major panic . unecessary job cuts . with hold spending over christmas . confirmed recession.
OR. mad investment opertunity. and upscale good times coming .

any thoughts or suggestions on this topic . or agreement / disagreement . ????

[The Yeti]

arr the sky is falling

[MickyB]

As Warren Buffet says "be fearful when others are greedy and be greedy when others are fearful"
If you have the cash now is the best time to buy, but be prepared to ride out the ups and downs for a while longer now.

[DoreSlamR]

I think it's fear mongering, if you tell everyone it will happen it will probably happen.

I wonder if this 'guru' has a vested interest in the stocks falling



...or am I being too paranoid? :P

[gtfpv]

Originally Posted by DoreSlamR

I think it's fear mongering, if you tell everyone it will happen it will probably happen.

I wonder if this 'guru' has a vested interest in the stocks falling



...or am I being too paranoid? :P

he says he does have a vested interest in shares falling , he said there is money to be made . he said he was a futures investment advisor . into short selling etc . he was a cocky character , who seemed to be interested in the market and not deterred by it .

[Yellow_Festiva]

Well... I couldn't believe it. The dollar has dropped 1c per hour in the last 4 hours. When I got online tonight before dinner it was around 65c.. it is now 61c..

They just mentioned that the UK stock exchange has just had the biggest 1 day fall in history....

Wonder what Monday will bring?

[RG]

Funny thing is the mrs and I have actually made a little money out of this. Still had a few thousand EURO on one of those Travelex cash passport cards that was loaded when the dollar was near it's strongest. Made near a grand on it lol.

[Yellow_Festiva]

Originally Posted by Russell

Funny thing is the mrs and I have actually made a little money out of this. Still had a few thousand EURO on one of those Travelex cash passport cards that was loaded when the dollar was near it's strongest. Made near a grand on it lol.

I'm off to Korea at the end of the year to work over the holidays, the Korean Won is linked to the $US...

I have already received a 35% pay rise since applying for the job...

But I also import stock from Korea.... Bummer lol...

[RG]

Originally Posted by Yellow_Festiva

I'm off to Korea at the end of the year to work over the holidays, the Korean Won is linked to the $US...

I have already received a 35% pay rise since applying for the job...

But I also import stock from Korea.... Bummer lol...

Seoul is a crazy place, but you won't have any problem finding stuff as 60% of the street signs and shops are in English lol.

[Yellow_Festiva]

Originally Posted by Russell

Seoul is a crazy place, but you won't have any problem finding stuff as 60% of the street signs and shops are in English lol.

Been there several times already in the last few years for work / business... Love it there.

A place where the smallest beer glass is 500ml up to 5L glass kegs for your own table if needed, and KFC style fried chicken is served at most bars....

Oh.. and SNOW... Minus 10 to 15 dgerees.. can't wait. :

[RG]

Originally Posted by Yellow_Festiva

Been there several times already in the last few years for work / business... Love it there.

A place where the smallest beer glass is 500ml up to 5L glass kegs for your own table if needed, and KFC style fried chicken is served at most bars....

Oh.. and SNOW... Minus 10 to 15 dgerees.. can't wait. :

Enjoy and remember

Korean Air - Excellence in Flight

[mowog]

Originally Posted by Yellow_Festiva

Been there several times already in the last few years for work / business... Love it there.

A place where the smallest beer glass is 500ml up to 5L glass kegs for your own table if needed, and KFC style fried chicken is served at most bars....

Oh.. and SNOW... Minus 10 to 15 dgerees.. can't wait. :

Are you sure its chicken? :

[Yellow_Festiva]

Originally Posted by mowog

Are you sure its chicken? :

Yes.... I know the difference between 2 legged critters and 4 legged critters...

Have eaten both kinds in Korea... : :

[MNM96]

Originally Posted by mowog

Are you sure its chicken? :

If it tastes ok, who cares!

[Romulus]

3000 points seems to be the consensus of how low it will go.

[vztrt]

Originally Posted by mowog

Are you sure its chicken? :

I'm sure the rubbish KFC serve here ain't chicken.

Love the Korean restaurants, and for someone who dislikes sea food to be eating the eel shows its very good.

[charles_wif_xf]

The markets are all built on debt. When the debt bubbles all burst, there's no telling how low it will go. The exchanges will throw the circuit breakers when it goes into freefall, suspending trading for an indeterminate period of time.

[Auslandau]

Originally Posted by gtfpv

ASX TO DROP TO 3200 BY november 15th . this will be the bottom of the market . the dow jones will drop to 7500 also .
heard from a so called guru . on talkback radio .

not being into financial economics . what do people think will happen if this happens . ie . major panic . unecessary job cuts . with hold spending over christmas . confirmed recession.
OR. mad investment opertunity. and upscale good times coming .

any thoughts or suggestions on this topic . or agreement / disagreement . ????

If this guru can predict this, he must be extremely rich to be able to see whats happening and especially to give a certain date! WOW, wish he was my financial adviser

Of course there is panic ......... because the stock market is so unpredictable to certain degree and there are all these gurus telling everyone that the sky has fallen! Doesnt help when g'ments try and manipulate the outcome! Throwing petrol on a lit fire!



| [/url] |

[DoreSlamR]

Speaking of petrol I can't believe the leaders of OPEC have decided to cut production of crude oil, just so it forces the price back up. It's nice to see that these guys are only in it for as much money as possible.

[Keepleft]

Will go well beyond November 2008. My concern is with mid to late 2009, as usual, there will be gains and falls, sometimes deeper than the previous trading day.

America, is *not* the big problem;

This discussion from 2006 may help educate, see link below:-

The debt is worldwide not just US. To give you some scale the twin US deficits amount to over $2 trillion. The US GDP is $12 trillion. The derivatives are $570 trillion world wide.

Most of this is overseas. The world is wash in this securitized debt. China, Germany, Europe and Japan all hold this. These are not regulated by the Central Banks including the Fed.

Liquidating the derivatives will collapse the system world wide.

The $570 trillion in derivatives can not be paid. Failure to pay will bring the bankruptcy of the world's financial system. Orange County, California went into bankruptcy in less than a year when their derivative investments went against them. The Fed had to prevent the entire nation's collapse when LTCM went the wrong way on their derivatives trades and collapsed.

And;

Warren Buffett has stated that derivatives are weapons of financial mass destruction, due to their incredible leverage.

http://www.itulip.com/forums/archive....php?t-85.html

[gtfpv]

Originally Posted by gtfpv

ASX TO DROP TO 3200 BY november 15th . this will be the bottom of the market . the dow jones will drop to 7500 also .
heard from a so called guru . on talkback radio .

not being into financial economics . what do people think will happen if this happens . ie . major panic . unecessary job cuts . with hold spending over christmas . confirmed recession.
OR. mad investment opertunity. and upscale good times coming .

any thoughts or suggestions on this topic . or agreement / disagreement . ????

SO MUCH FOR THIS THREAD THEN !!!!!

[Bent8]

Originally Posted by gtfpv

SO MUCH FOR THIS THREAD THEN !!!!!

My personal theory is that the stock market numbers are manipulated.

If you're into economic news, try this guy...he's been in the game for nearly 50 years!

http://theinternationalforecaster.com/

[Keepleft]

We are far, far from hitting 'the bottom yet', in fact, its only just getting lukewarm.

[gtfpv]

Originally Posted by Keepleft

We are far, far from hitting 'the bottom yet', in fact, its only just getting lukewarm.

sounds like your know something more to the story. care to elaborate???

[gtfpv]

well what do you know . it has happened . tday the ASX dropped to 3240 and the dow jones 7470.
6 days late .

[rodderz]

I wish the media would step back a bit and stop all this doom and gloom reporting

I'm currently the busiest I have ever been, booked out till Feb next year and still I get another 5-6 calls a week to get jobs done before xmas or just after. People still want to spend.

I realise that it will change next year and be quieter, but on the other hand if people are sensible and not get paranoid about this issue they still will be living on much more than bread and water

[gtfpv]

WITH RESPECT to my 1st post here . post #1 it took a while . but we dipped under 3200 this week . and now we have job losses and expectations of recession . i wonder if it's bottomed out yet . the talk is an upswing from june and onwards. but we'll wait and see . depends how many companies fold , as to any recovery.

[DA68ZA]

Oh think he was right , its going to bottom out in November just 09 not 08 :

[TZENU]

The beauty of the ASX ... Nobody knows where the bottom is!... question is how much longer before you start to buy!

[Romulus]

3000 will be the lowest it will reach, we're very close.