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Nouriel Roubini: Stock market bulls have got it wrong

135

Comments

  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 21 April 2009 at 2:13PM
    Masomnia wrote: »
    Yup in March (I think) I said the FTSE would bottom at 3450, wasn't far off - certainly didn't go lower. Does this mean I'm well respected?

    Not really. On same thread ( 2 posts earlier) I said 3500 bottom and I'm crap at darts.
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    StevieJ wrote: »
    What do you mean? I am just about to buy BT :eek:

    Can you afford the £8billion for the pension shortfall???
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Old_Slaphead wrote: »
    Can you afford the £8billion for the pension shortfall???

    I meant BP icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    StevieJ wrote: »
    I meant BP icon7.gif

    [ramp]Yes! Buy that, you'll get an ace yield (8%ish), good potential for capital growth etc etc. [/ramp]
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    What do you mean? I am just about to buy BP :eek:

    bought them already at 434 last week or the one before :)
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chucky wrote: »
    bought them already at 434 last week or the one before :)

    I got them at 493p a while ago after costs, would've bought more last week if I'd had any money. Oh well!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 21 April 2009 at 3:47PM
    Masomnia wrote: »
    I got them at 493p a while ago after costs, would've bought more last week if I'd had any money. Oh well!

    i did by Shell at 1410 too - should have waited for the next drop when they hit 1290ish last week. at least they have a solid dividend there.
  • luvpump
    luvpump Posts: 1,621 Forumite
    Part of the Furniture Combo Breaker
    purch wrote: »
    Nouriel Roubini:- Academic, with a track record of talking about the markets.

    Anthony Bolton:- Fund Manager, with a track record of making money in the markets.

    Now...............Which one is best ??

    There's only one way to find out !!!!
    Until a year ago, I think even the Dumbest Fund Manager could have made Money in the Markets ..
  • purch
    purch Posts: 9,865 Forumite
    Until a year ago, I think even the Dumbest Fund Manager could have made Money in the Markets ..

    Over what period are you pontificating ?.........and what was so special about 'a year ago' ? .... Equity markets have fallen similar amounts to 'a year ago' frequently over the last 30 years !!!

    Bolton managed the Fidelity Special Situations Fund for about 28 years, and even the 'Cleverest Fund Manager' would have struggled to make consistent returns over that period.

    19.5% annualised growth over 28 years speaks for itself.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Wookster
    Wookster Posts: 3,795 Forumite
    StevieJ wrote: »
    Another of the !!!!!! band of Armegeddanites is not so doomy :T

    You are just incapable of having a sensible conversation without name calling.

    Grow up.
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