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Nouriel Roubini: Stock market bulls have got it wrong

124

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    bought them already at 434 last week or the one before :)

    Yes I bought at £4.38, sold Aviva £2.90 and L&G £50.5 on Friday for nice profits and divi to come, so quite happy.
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Masomnia wrote: »
    [ramp]Yes! Buy that, you'll get an ace yield (8%ish), good potential for capital growth etc etc. [/ramp]

    I already bought Shell £13.46 , so now added BP.
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wookster wrote: »
    You are just incapable of having a sensible conversation without name calling.

    Grow up.

    I was just winding !!!!!! up a bit (just in case he was reading), What has it got to do with you 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
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wookster wrote: »
    You are just incapable of having a sensible conversation without name calling.

    Grow up.

    Yes wookie, and you know all about how to hold a sensible conversation, don't you:
    Wookster wrote: »
    You are a f@cking moron. My post above was tongue in cheek.

    Tw@.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Yes I bought at £4.38, sold Aviva £2.90 and L&G £50.5 on Friday for nice profits and divi to come, so quite happy.

    plunged into Wetherspoons at 402 and Bunzl at 484 today - see what they have to offer

    very happy with ABF
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Dan: wrote: »
    Yes wookie, and you know all about how to hold a sensible conversation, don't you:

    he's not even worth posting about Dan - just another troll for the forum along with Downey and Fatpig.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Fortunately I am not a lunatic bear. just a middle of the road one. Here's my opinion on stocks. I really really want them to go up. They have done OK in the last few weeks. But my feeling / instinct / whatever is that this was a relief / spare cash rally based on the fact the world hasn't ended. My worry is that the bear market has a lot further to go.

    People claim the stock market looks six months out, when a lot of the time it panic reacts to the latest headline. I think people are gettin bored of the recession and think "surely it must be over by now", hence the optimism.

    But looking at unemployment, manufacturing and the massive debts that need to be cleared - I don't see a sustainable recovery just at the moment. Sorry.

    And I'm not just saying that because I wish I'd bought Barclays at 50p.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mewbie wrote: »
    Fortunately I am not a lunatic bear. just a middle of the road one. Here's my opinion on stocks. I really really want them to go up. They have done OK in the last few weeks. But my feeling / instinct / whatever is that this was a relief / spare cash rally based on the fact the world hasn't ended. My worry is that the bear market has a lot further to go.

    People claim the stock market looks six months out, when a lot of the time it panic reacts to the latest headline. I think people are gettin bored of the recession and think "surely it must be over by now", hence the optimism.

    But looking at unemployment, manufacturing and the massive debts that need to be cleared - I don't see a sustainable recovery just at the moment. Sorry.

    And I'm not just saying that because I wish I'd bought Barclays at 50p.

    There is a distinction between the markets and rising and falling as a whole and picking off shares for the longer term. Best plan is to identify good solid cash generative businesses who aren't highly leveraged or who have final pension scheme liabilities. Then drip feed money into the market.

    A lot of the sharp movements in the past 8 months have been due to investors offloading large holdings held, to raise cash to meet margin calls and reduce lending exposure.
  • purch
    purch Posts: 9,865 Forumite
    And I'm not just saying that because I wish I'd bought Barclays at 50p

    Yeah...........sure :rolleyes:
    just a middle of the road one

    We are the most frowned upon..........nobody on here agrees with middle of the roaders !!!!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    purch wrote: »
    We are the most frowned upon..........nobody on here agrees with middle of the roaders !!!!!
    I had you down as a raving bull? Lol.
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