Stock Market Booming

Browntrout_2

In my opinion this is not a suckers rally.

This is the real thing.

Nasdaq Financials up 4.8% today
Transports up 3.5%
Brazil Bovespa index up 7.3% today

The November correction has had a higher low than the August low and we are now going on to new highs.

I am 100% in equities and intend to remain so until 2009 at the earliest.

Locked and loaded, if you can't be good be lucky!

trademark

"I am 100% in equities and intend to remain so until 2009 at the earliest"

oh dear

djbd1973

elona wrote: »

Even a dead cat will bounce!:eek:

That depends on its death....

Stompa

kittie wrote: »

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

I find it very hard to believe that we'll have to wait that long!

Debt_Free_Chick

Not sure that it's a rally, boom, bust, crash, fall, rise or anything else.

Seems like it's just normal market behaviour to me, where nothing can be assumed from a few days behaviour

Come back in ten years time and we'll see if there's a "blip" on the chart

purch

The November correction has had a higher low than the August low and we are now going on to new highs

That could well be the case, but the situation is not so clear cut yet

The Bear trap didn't work in Jul/Aug cos the frontside wasn't as steep or higher than the backside

If you want to bury the Bear the market needs to do that this time

Browntrout_2

A per debt free chick, hourly, daily, weekly movements are lost on a ten year chart.

November07 has been horrible to be long equities, however with steep corrections by the time you have seen them and acted on them you can be wrong footed entirely and end up in a whipsaw, selling low buying high.

On the basis it takes two to make a market could the 'I'm completely out of equities' posters please advise when they are cashing in their premium bonds to buy the market, so that I can go into cash for 18 months.

I estimate this will probably be about late 2009 as the DJIA hits ~19,000 and the FTSE100 ~9,000

[Deleted User]

Your bonkers brown trout, the FTSE to go up by 1/3rd through the worst economic period we have had for a few years and all the bad credit coming home to roost. I wouldnt like to bet on that.

jamesd

It's just the market. When the FTSE goes up and down 25% in a normal year, who cares about the odd 5% here and there? Just noise and opportunities for fortunate or unfortunate market timing decisions.

EdInvestor

Some very positive news from mortgage lenders A&L and B&B , both of which have obtained funding a year in advance, so won't have any NRK type problems. They also revealed quite a small exposure to sub prime type products.Both shares up strongly today, AL at 15% initially.

Some of those short sellers might have got stung