Stock market jitters

Hi all,
Stock market investors are a funny lot.


http://www.optusnet.com.au/news/story/abc/20060608/18/business/1658726.inp

"The Australian share market has dropped more than 2 per cent as inflation fears hit the market.

News that an extra 56,000 jobs were created in May has sent the share market plummeting.

There is concern that higher wages will put pressure on inflation, and the Reserve Bank will raise rates again. "

Yet if 56,000 jobs had been lost - what would the stock market have done then?

It must be getting close to the bottom now , you would think??

What do you guys think?

 

Perky,

This stuff is better than Muppet Show hahahahaaaa..
I think that they forgot to add ... that too much rain in Sydney may push DOW below 10600 Level ( currently at 10930 ).
Keep laughing

 

Since we are having some 'guesses' for a bit of fun, my totally uninformed opinion would be..........

Oil price fall is a good thing and although it's hurting a few big oil companies initially and affecting the Market, it will be a great thing for most companies a little further down the road. When this current oil peak continues to fall and after a bit more 'jitters' to create some more buying opportunities, the market will take off again on the strength of the lower oil prices..........hopefully before this Quarter's Distribution........at which point I'm sure NavraInvest would put on a free fireworks show over North Sydney due to finishing the year with a great year end result and all Funds earning a Performance Fee!

OR........I may be totally wrong.........

Note: Please consult a Financial Adviser before taking action on this advice as the author has had some very nice white wine with his fish dinner.

 

Yep....I tend to agree with you.
We may see XJO at: 4900; 4877/80; 4852 possibly 4800.
Be

 

I 'predict' that in one month's time the XJO will be somewhere between 2537.738 and 8354.836

I'm very much a long term value investor (with the occasional shorter term trade) and therefore I don't get too concerned about the market in the short term - except where it has a significant drop and presents some good buying opportunities. Additionally, I don't mind a fair amount of volatility - helps feed the Navra fund (and other funds that love volatility)

 

Takestock,

What other funds like volatility that you have an interest in?

Cheers.

 

Carl,
I like your numbers - hahahahaa.

 

None that I have an interest in, however, boutique funds that actively trade love the volatility - gives them buying and selling opportunities.

My other share investments are all direct; based on value investing principles.

Cheers

 

Glebe,

I have got no association with any fund (except Navra) but you may consider " Hunter Hall Value Growth " fund (18% net annualized return).

 

Yep I like Hunter Hall, I've put my wife's super in their super fund. It's doing well. High upfront fees though.

 

Keep $miling than !!

 

Guys - check out this very interesting article - http://www.kitco.com/ind/Droke/jun142006.html

"Looking beyond the immediate present, the July-August period this summer (in USA) is the time frame that has the greatest interest to us comparable to the final two months of the 8-year cycle low of 1998. Back in July-August ‘98 the market was hardest hit and fell almost continuously (along with several major commodities) until the bottom in early September of that year. From the spring peak that year until the September lows the market had fallen in excess of 20% in just a few weeks, making it one of the shortest bear markets on record. With numerous interim bear market signals having already been given, it’s looking like a repeat performance of the ‘98 experience is a good possibility before the current 8-year cycle bottoms, i.e., a short-lived but potentially sharp bear market."

So we are still in for some volatility - and maybe a sharp fall in August.
What do you guys think of that?