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Michael Pascoe on Channel 7's Sunrise - 16 Sept 2008

Discussion in 'The Economy' started by carlosreynolds, 16th Sep, 2008.

  1. carlosreynolds

    carlosreynolds Active Member

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    Hi Guys,

    Do any of you know where I can find the bit that Michael Pascoe did on Sunrise this morning?

    Tried youtube, google to no avail ...
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    I'm guessing you might be able to find it in their video archives later today or tomorrow (there's only material from yesterday there at the moment):

    Yahoo!7 Sunrise - Video
     
  3. carlosreynolds

    carlosreynolds Active Member

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    Thanks Sim - it was the first one.

    Here's the link if anyone wants a look - it's a great 5 min bit about how Australia shouldn't be too worried about the US.

    Yahoo!7 Sunrise - Video
     
    Last edited by a moderator: 16th Sep, 2008
  4. AsxBroker

    AsxBroker Well-Known Member

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    A few councils are stuffed...
     
  5. voigtstr

    voigtstr Well-Known Member

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    That was a feel good video! The second rate cut should be helpful for cashflow :)
     
  6. Thudd

    Thudd Well-Known Member

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    I saw the interview too. Makes you want to go out and buy Aus bank stocks that have fallen in sympathy with the U.S. woes.
     
  7. carlosreynolds

    carlosreynolds Active Member

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    And resource stocks ...
     
  8. Billv

    Billv Getting there

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    particularly resource and bank stocks
     
  9. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Very interesting link, thanks for posting!

    And, if you apply the InvestEd lead indicator, you could argue that it must be nearing a bottom if Michael Whyte has come back over and posted again for the first time in months. I have a real sense that Lehman's failure and the resulting capitulation of the US market might mark the low point in this bear market. Today is a nice bounce back, and could go on to mark the turning point back to a bull market. Personally, I reckon its still too early to call, but the market is certainly starting to represent excellent value again!

    If you're buying the index at 4500 and it recovers to its previous high of 6800 then that represents a 50% return on your investment today. Not that this is likely to happen overnight, but add in dividend yields and its a really appealing prospect.

    Cheers,
    Michael
     
  10. Chris.R_WA

    Chris.R_WA Well-Known Member

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    Hi Mike,

    Good to see you back! Post volumes here have been down slightly with the bearish markets...may see that reverse soon - though I'm not banking on it :)
     
  11. Thudd

    Thudd Well-Known Member

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    I actually want the bears to keep prowling for a while longer yet... I don't want the prices to start rising before I get a nice bucketful
     
  12. Tropo

    Tropo Well-Known Member

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    "I actually want the bears to keep prowling for a while longer yet..."

    Just be patient....:cool:
     
  13. bennymarsh

    bennymarsh Well-Known Member

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    Just in case someone doesn't know, but Michael Pascoe does 2 market wrap podcasts a day which are very informative and go for about 5 minutes each. great for the bus trip into work for when the clients ring panicking (which they are..........capitulation anyone?)

    Podcasts - Business - smh.com.au