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Merry Christmas and Happy New Year

Discussion in 'Shares' started by wdongli, 24th Dec, 2010.

  1. wdongli

    wdongli Well-Known Member

    Joined:
    31st Mar, 2010
    Posts:
    1,292
    Location:
    Perth
    Hi All

    Merry Christmas and happy new year.
     
  2. wdongli

    wdongli Well-Known Member

    Joined:
    31st Mar, 2010
    Posts:
    1,292
    Location:
    Perth
    US economy is back to where it stood before GFC

    Some people said "The United States economy is today back to where it stood at its peak prior to the Great Recession of 2008-2009." Do you believe it? A lot of market players would not believe it.

    Why? We have hurt so hard in GFC, we missed the V-shape recovery, we had nearly one year correction, and stock market are still priced at 2 of 3 of its peak before GFC. I believe it or believe even the full returning back may take a few more month but the war against GFC has got great success around the world.

    Do feel now the market is like that in 2003/2004. After the crash, the worst enemy is pessimism. After long bull market, the worst enemy is over-optimism. I have bought in 30 shares, some got before GFC with some profit, some got at the worst time of GFC with some quite good profit, and some got during the correction which are around break-even and need the end of correction to move up.

    A wise speculator may not play based on the business value but both of wise speculators and investors have to get the position before the time when all of genius and bums make the money in the market.

    Merry Christmas and Happy New Year with the economy back to its normal track.

    More information and thought in wdongli - Member Blogs
     
  3. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Same to you mate
    and hopefully shares will do better in the new year