Stock Market Booming

wombat42_2

Happy days are here again :beer:

[Deleted User]

I wouldnt say that just yet, there are a lot of questions over the economy, the world economy esp the US, alot of unknowns about the banks and property is dieing of death.

Maybe the knife is simply bouncing off the table before it hits the chair before it bounces to the floor.

Old_Slaphead

wombat42 wrote: »

Happy days are here again :beer:

Is there any justification for an upturn or is it a Santa's Suckers Rally designed to get the poor brokers a few extra bob?

purch

We had the 'bear trap' last week

The chances that this is

Santa's Suckers Rally

are prolly odds on

Only in the crazy world of Investment Banking could Citigroup go from a definate Sell tip one week to a raging Buy tip the next

EdInvestor

A Fed official has indicated rate cuts are likely to be coming in December. This follows yesterday's news that the gulfies are having a big punt on Citibank. That's very positive news as there is a massive amount of spare money sloshing around in the Mideast at the mo, due to the high oil price.

Now if some of that could be diverted to plugging up some of those black holes in the banks, could make quite a difference quite quickly

[Deleted User]

be very cautious and very careful. The `boom` just now is likely to collapse after christmas

[Deleted User]

purch wrote: »

We had the 'bear trap' last week

The chances that this is are prolly odds on

Only in the crazy world of Investment Banking could Citigroup go from a definate Sell tip one week to a raging Buy tip the next

Lol if they can get PIs to buy and sell a gazillion more times they might be able to start adressing their enron-a-like balance sheets :rotfl:

elona

Even a dead cat will bounce!:eek:

chesky369

I think it's still going to be a bumpy ride for at least another six months - the US situation is pretty dire and it's going to have a knock-on effect all round the world.

equitydealer

The market is going to remain volatile until the end of the year.

I think 2008 will be a bad year, I see the FTSE falling to 5000-5550 this time next year as the US economy goes into a recession.

P.S also believe the house prices here will crash next year. Sorry for being so negative, just my personal opinion

free4440273

Fed cuts and the dollar sinks even further, prompting even more inflation. Look at treasuries; people are still buying into them even though the yield (return) on them is very low - clearly such people are getting out of equities. All the economic news today was negative (drastically). This has got to be a suckers' rally; and if people are Long indefinitely (as opposed to just day-trading) on the Dow, i feel they are going to be punished quite severely. Just my