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Positive news

Discussion in 'General Investing Discussion' started by Here_To_Learn, 28th Aug, 2008.

  1. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
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    Location:
    Sydney
    Hi all, just wandering if anyone could share some positive news/ outlook for the Global or Australian economy ?

    We need some balance from all the doom and gloom.

    Sim - anyway to pull up some old video archives of the good times ?
     
  2. lorrimer

    lorrimer Well-Known Member

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    Location:
    Brisbane, Queensland
    Ok,I'll start. Interest rates are on their way down rather than up, starting next week.
    One day the credit crisis will be over, could be 3 months, could be 18 months who knows?
    But whilst it continues it's presenting to us a whole load of undervalued stocks that could easily bounce by 20% or more.
    The longer it drags on, the more people become immune to all the bad news and start looking to the future again instead.
    Finally one of the biggest positives, the USA will soon have a new president.
     
  3. Smartypants

    Smartypants Well-Known Member

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    Location:
    NSW
    Ummm.....The ASX was up 1% today :)
     
  4. Glebe

    Glebe Well-Known Member

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    Can't wait!
     
  5. Here_To_Learn

    Here_To_Learn Well-Known Member

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    OK - how about ...

    1) An Interest Rate Cut almost certain

    2) Good time to get into property and share market

    ...
     
  6. austing

    austing Well-Known Member

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    Location:
    north maleny
    A number of wise and wealthy veteran investors have reminded us lately that it is times like these where long term investors make their fortunes. I gladly follow this advice as these guys have seen this so many times before. I have personally been fortunate to get to know more than a few very wealthy old investors who love it when these situations arise. Buy like mad in periods of gloom and spend the rest of the time at the beach, fishing and golf course etc until the next bear market comes around.

    Choose your mentors wisely.

    Cheers - Gordon
     
  7. Billv

    Billv Getting there

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  8. Smartypants

    Smartypants Well-Known Member

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    ...and likely to come down another 0.25% next month
     
  9. TryHard

    TryHard Well-Known Member

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    17th Aug, 2005
    Posts:
    863
    If I had to give up half our net wealth to get that bumbling hayseed out 2 days earlier, I happily would. Well that's not true, but he's a freak of nature anyway :eek: That's a family with some serious issues.
     
  10. Billv

    Billv Getting there

    Joined:
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    Posts:
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    Location:
    Sydney, NSW
    Has the market turned?
    My UGL shares are nearly 50% up since their lows a couple of months back

    cheers