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A few positive signs

Discussion in 'General Investing Discussion' started by lorrimer, 18th Oct, 2008.

  1. lorrimer

    lorrimer Well-Known Member

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    As I write:

    1) the Dow is heading for it's best week since 2003. Up on the week over 5% (market still open)

    2) Warren Buffett is about to move his personal money 100% into US equities.
    On previous occasions when he has turned bullish on stocks, the market has rallied three months later ie: he is normally 3 months early.

    3) Credit markets are starting to thaw. Libor is coming down (slowly)

    4) A new US President soon
     
    Last edited by a moderator: 18th Oct, 2008
  2. Billv

    Billv Getting there

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    Lorrimer,

    Thanks, it's always nice to hear good news.

    I agree, things are improving...:)

    Cheers
     
  3. crc_error

    crc_error The Rule of 72

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    thats why I have always subscribed to continous buying during the last few months. anyone waiting for a recovery will find themselves missing the first 50% of the bull run.
     
  4. Billv

    Billv Getting there

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    nah
    I am on to it
     
  5. crc_error

    crc_error The Rule of 72

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    good to see markets in positive territory!

    Looks like the October blues might be running out of steam!
     
  6. AsxBroker

    AsxBroker Well-Known Member

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    Murphy's Law, now that you've said that it's going to crash again...
    October is always a bad month :(
     
  7. Billv

    Billv Getting there

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    This time it will be different :)
     
  8. AsxBroker

    AsxBroker Well-Known Member

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    Hi BV,

    I will agree with you on the 1st November :)

    Cheers,

    Dan
     
  9. lorrimer

    lorrimer Well-Known Member

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    I think any upward momentum is likely to be tempered by caution during earnings season and in the run up to the US elections.
    However I do think we could be in line for a nice Santa Claus rally this year.
     
  10. crc_error

    crc_error The Rule of 72

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    how? hasn't it been a bad month?
     
  11. Billv

    Billv Getting there

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    miracles can happen...:D
    there are still 8 days to go :)
     
  12. BSB

    BSB Well-Known Member

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    ...uh oh! Is this the same pattern as last week?