Markets gain traction

Although the global markets are volatile, i see an upward trend emerging,there may be hope yet! (fingers crossed) .www.reuters.com...
Big investors ramp up stock purchases

reply to post by all2human

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Stock values are ridiculously low and below intrinsic values in many cases, but they are ruled first and foremost by emotions. We're a fickle lot, but it does get to a point, if you have held your shares throughout the turmoil, that it would be absolutely stupid to sell at this point in panic or switch your superannuation investments into some other investment. For those who cashed in earlier then the risk of buying now is in fact lower than when the markets were roaring higher. When the market does turn it will be swift and frenetic.

i'd be very careful,
because as Conspiracy has it.... the PPT, plunge-protection-team,
has as their mission & purpose to 'stabilize' and 'grow' the stock market..

the eternal-Bulls on the TV market programs keep up the verbal barrage to BUY-BUY-BUY, when one is not putting in new money...
it is the proper strategy to 'diversify' (which keeps the brokers a steady stream of commissions)

the whole network of stock-exchange & the supporting cast is a vast scheme to cultivate a living from the fees & commissions of a public that gets that 'starry & far-away look in-their-eyes" with the fantasy of wealth
and hitting the 'jackpot' in the stock market...


? hey, if the 'algorithims' and following this & that set of 'fundamentals' really worked... then nobody would have been holding the stocks that went bust or lost 80% of their values in the latest crisis...
those are snake-oil salesmen and their snake-oil product

online.wsj.com...
Dow Has Biggest Weekly Gain Since 2003...
I wouldn't be surprised at all if we saw a very big rally Monday,


[edit on 18-10-2008 by all2human]

reply to post by all2human

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-40% drop from the DOW High would, imo, suffice as an appropriate correction.

Now the long term health of the markets lies in the hands of how October will be effected.. which we don't find out till next month ..

Only then will we see what the credit freeze did to the economy.. I imagine it will be one hell of a report.

www.reuters.com...
Wall Street extends gains on energy, Bernanke
Big rally today

[edit on 20-10-2008 by all2human]

reply to post by St Udio

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As usual you are correct, this morning the first thing that came out of the mouth of the markets "experts" is that the "good look a like fortune of the markets" is indeed do to foreign infusions as US keep promising the big give away to those that are helping America.

Anyway as usual the "core problem of the America economic woes and the one the is not going away the mortgage problems and the millions of foreclosures and the unemployment problems has not been addressed fully as our corporate and corrupted ridden government is concentrating on the wealthy of the world first", but as usual there comes Bernanke to talk on how good and great everything is looking.

A star for you my friend.

Now for the credit freeze is stil frozen and people are finding harder to get loans at local level but then again even with better than perfect score can not get loans either.

[edit on 20-10-2008 by marg6043]

biz.yahoo.com...
STOCKS STAY UP...
fingers crossed on big market gains= good for all of us ,but in the long-term not-so good.


[edit on 20-10-2008 by all2human]

The markets good fortune is benefiting that small percentage of global elite, you know the ones that have a some millions of pocket change to make billions.

But as the infusions of cash are needed to keep those markets up, we the tax payer are the ones actually paying for that "good fortune".

While the small percentage of global elite makes their profits we the tax payer will be paying for the bill.

Not, sorry but the good fortune is not shared with us the commoners, until something is done by our corporate corrupted government to bail out the rest of the nations tax payer, we are getting hurt while supporting the global elites maintain their wealth.

Nothing but a scam.

biz.yahoo.com...
DOW WOW: STOCKS STAY UP...
tomorrow up 2!