Time to Buy

[Reasonable]

Get out there, anyone looking for a 2-5 year capital gain the time is ripe.

BHP
RIO

Any of the banks. FLT, trading at 4.50? That's ridiculous.

There is a number of stocks trading at fire sale prices.

Get in there.

 

[Lyyynnnchy]

mmmmmmmmmmm........no thanks

A while to go yet

 

[dzeRnumbrd]

Flight Centre has unveiled a 57.4 per cent fall in first-half net profit to $A26.1 million. The Australian travel agency company attributed the result to poor sales and its Liberty acquisition, which lost $A15.7 million in the six months to December 2008.

Fundamentals took a hit on FLT. Unless you have calculated their new value you're flying blind.

 

[ChrisFooty]

What happens if the USA sinks into an economic depression? Will that not make the Dow Jones lose in value? The Australian stock market would absorb the news coming from america and will decrease in value significantly.

There will be a time to buy shares. Not yet.

 

[James23]

Terrible time to buy.

Dow Jones heading to 3000 eventually.

BHP will be below $20 before the year is out, bookmark it.

 

[Reasonable]

Terrible time to buy.

Dow Jones heading to 3000 eventually.

BHP will be below $20 before the year is out, bookmark it.

Wager?

 

[r dub 19]

James you said everything was going to crash a few weeks ago , never happend. You said ADX were going to do well, never and will not happen.

 

[Moo]

Terrible time to buy.

Dow Jones heading to 3000 eventually.

BHP will be below $20 before the year is out, bookmark it.

I seriously doubt the Dow will touch 5 let alone 3

 

[James23]

James you said everything was going to crash a few weeks ago , never happend. You said ADX were going to do well, never and will not happen.

Ummm... when i said things were going to crash (from the 9th, february), the DOW was priced at 8270.

The DOW is now at 7062. Death by a thousand cuts in my book. Just because we didnt see any dramatic 500 point falls this time, it has crept downwards consistently with little media attention. It has fallen some 1200 points since i made that call. A fairly decent prediction IMO.

And give ADX some time. I didnt give a time frame for this, so you just wait buddy

 

[r dub 19]

It sounded like you were suggesting on the 9th not till march... anyway I think that Australia is a few months off starting to recover. Lots of cheap stocks around atm BEN,BOQ,FMG.

 

[Reasonable]

It sounded like you were suggesting on the 9th not till march... anyway I think that Australia is a few months off starting to recover. Lots of cheap stocks around atm BEN,BOQ,FMG.

I'd stay away from this one.

Better buys around.

 

[Chops_a_must]

I seriously doubt the Dow will touch 5 let alone 3

I'm looking at the DOW getting to 5600 and the XAO getting to about 2700 eventually.

 

[Sargemo369]

I got my short shorts on and am lovin' it.

 

[telsor]

Buy? NO.

While the fundamentals are starting to look good, Too many companies out there haven't fully recognised or reported the extend of the problems ( Not sure if anyone has recognised them fully yet ). BHP/RIO for example are still making good money still, because the time hasn't come to renegotiate their prices yet...when they do, revenues will take a huge hit.

Also remember, that when the market corrects, it tends to over correct, so while now might look good, there is still a way to go.

I confess, my mouse keeps moving to the 'buy' button as I look at the market, which is why much of my money is currently in short/medium term term deposits...the returns aren't great, but they're safe/sure, and more importantly, remove the temptation to jump in too soon.

When it recovers, the market will 'jump' a fair way in a relatively short time, as usually does after a big fall, but frankly, I'm more worried about how much further down it has to go than I am of missing the bounce.

 

[Ghostwriter]

NAB will bounce from its current price, March 12 is the turn date.

 

[Reasonable]

NAB will bounce from its current price, March 12 is the turn date.

Talk to me?

 

[CranktheAnchors]

Terrible time to buy.

Dow Jones heading to 3000 eventually.

BHP will be below $20 before the year is out, bookmark it.

Agreed about BHP maybe not quite $20 but has a bit to go yet. SOld them at 32 and will be looking to get back in at 22

 

[Reasonable]

How much has the market gone up in the month of March?

 

[Ghostwriter]

Talk to me?

Was I right?

 

[Reasonable]

9% Jump Handy.

I recently got hold of Westpacs economic outlook hence the reason why I posted the OP.

Basically it's outlook suggested the recovery would not be in the typical 'v' shaped spike but rather a 'U' shaped recovery.

Basically you have a longer time to pick the bottom, but that hardly ever happens so someone near the bottom is as effective.

 

[Eagle87]

9% Jump Handy.

I recently got hold of Westpacs economic outlook hence the reason why I posted the OP.

Basically it's outlook suggested the recovery would not be in the typical 'v' shaped spike but rather a 'U' shaped recovery.

Basically you have a longer time to pick the bottom, but that hardly ever happens so someone near the bottom is as effective.

Or alternatively, its effectively an L shape.

Eventually it goes back up but after the Great Depression, didnt it take 25+ years for stocks to return to pre-crash levels... I mean thats a U with a very long, very flat bottom....

Can't happen again?

 

[Ghostwriter]

Or alternatively, its effectively an L shape.

Eventually it goes back up but after the Great Depression, didnt it take 25+ years for stocks to return to pre-crash levels... I mean thats a U with a very long, very flat bottom....

Can't happen again?

There won't be another great depression this time around, the difference will be though all the aspirationals will be left well behind, all those 500,000 to 1 million dollar mortgages will take a couple of lifetimes to pay off, the sensible money managers will reap the rewards, just going by my modest share portfolio its already in the green and we're at the so called bottom, can only dream what it will be like in 5 years time, house also is paid off so i'm starting to enjoy this 'great' depression.

 

[bigburger]

AGO - Get on it.

 

[nylexbandit]

Was I right?

No I believe you were wrong

Edit, sorry I got the 16 dollar resistance bit wrong, but my point still stands, as more bad news comes and it will, this one could go as low as 10, btw I don't hold, I was looking to buy WBC, and I've been watching both, but NAB is really starting to slide.

Although it's easy to look like a guru when you put 2 opposite opinions out there.

 

[Pornstar]

Very interesting to read this thread, 7 months after it started. Some very good predictions from the OP, he was one week away from picking the absolute bottom of the market. FLT at $4.50? It's about $15 today.