the party ain't over

Discussion in 'Sharemarket News & Market Analysis' started by Nigel Ward, 16th May, 2007.

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  1. Nigel Ward

    Nigel Ward Well-Known Member

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    Nigel Ward, 16th May, 2007
    #1
  2. Tropo

    Tropo Well-Known Member

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    Stronger for longer baby...

    N.


    Yep....Party is not over yet...:D
    XJO may pull back to approx. 6010/15 and still remain bullish (IMHO) :p
     
    Tropo, 16th May, 2007
    #2
  3. Handyandy

    Handyandy Well-Known Member

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    The only four-year period that has exceeded the past four was 1970 to 1973 (world GDP growth 5.4% pa), and that was followed promptly by a global recession sparked by the 1972 oil shock. The IMF is now forecasting another two years of the same, an extraordinarily optimistic outlook.

    Seems there a bit of an error in their comments re the oil crisis. According to wikipedia this didn't occur until October 1973.

    1973 oil crisis - Wikipedia, the free encyclopedia

    This would explain why the recession started in 1974. Maybe it was a typo??

    I remember that it doubled the cost of filling my car from a $1 to $2 and it just kep increasing from there.

    As far as the share market is concerned I tend to agree that we haven't hit the rediculous times yet.

    Cheers
     
    Handyandy, 16th May, 2007
    #3
  4. Tropo

    Tropo Well-Known Member

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    Maybe it was a typo??

    Maybe...but in too many cases "gurus" got it wrong too often...
    You may find below article by Jay Kaeppel quite interesting.
    ;)
     

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    Tropo, 16th May, 2007
    #4
  5. Jacque

    Jacque Jacque Parker Premium Member

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    $2!!!!! Wow!!! Even I can't recall a tank being that cheap - but then again I was but a mere child at the time :D
    I do remember my dad, however, driving all over Sydney to save a cent or two per litre :D
     
    Jacque, 18th May, 2007
    #5