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Originally posted by Fidelios
reply to post by rattan1
enough said.. thank you- although I must still take into consideration when the Federal Reserve ceased publication of M3 data in March 2006. It was a sign! And I am certain that many ATS subscribers familiar with that are astute enough today to recognize the impact and significance of that when it occurred.
I know a sign when I see one.
signs of a levelling out or even a bottoming out are what the market's keenly looking for, and certainly some of those statistics are starting to be a little bit more positive than expected." In the US overnight, Wall Street extended its rally into a third day. The Dow Jones industrial average rose 239.66 points to 7170.06. The banking and financial sectors were considerably higher.
At 12pm, the benchmark S&P/ASX200 index was up 105.6 points, or 3.26 per cent, at 3341.1 while the broader All Ordinaries index had added 98.3 points, or 3.08 per cent, to 3288.7. On the Sydney Futures Exchange, the March share price index futures contract was 96 points higher at 3,343 on a volume of 25,710 contracts. Macquarie Private Wealth adviser Helen Spencer said better than expected retail sales data in the US had sparked some optimism among investors.
Originally posted by rattan1
The Economic Meltdown is over….. Time to make some money. The announcement made by Citigroup and the way the market has reacted has marked the End of the Economic Meltdown.
Stop listening to all those Doom and Gloom People and cease the opportunity in front of you to make some Money. How many doom and gloom predictions made here on ATS ever came true and why should it be different for this one?
The rapidity with which the stock market will recover will stun many. Share prices are still at a bargain so just buy as much as you can and watch it all grow and make huge capital gains.
Don’t waste your money stockpiling on Food and ammunition…the dream of doom is not going to come true for some here. Citigroup announcement is just the beginning and many more will come.
For all those that don’t believe me will only see everything unfold before them and curse themselves for all the missed opportunity.
So people please forget about all the Doom thing( will never ever happen) and cease the opportunity NOW.
Originally posted by F15-Pilot
Sorry Rattan but you might want to check on the news out of China today. I started a new thread but I still don't see it so maybe I didn't post it correctly. Don't pop those champagne corks just yet. We aren't even close to reaching the bottom yet. And if China decides to pull the plug on us then the "bottom" will turn out to be a crash. Be very careful. This meltdown took a few years to stoke and it will certainly take more than a few "good" days to put the flames out.
Originally posted by guinnessford
Dont mark my words, but even if a few banks merge and you have stock you got today, you still hold part of that company.
Am i correct?
And if so, wouldnt now be the time to buy the bargain basement stuff?
And obviously wait a little while?
reply to post by rattan1
The Economic Meltdown is over... Time to make some money. The announcement made by Citigroup and the way the market has reacted has marked the End of the Economic Meltdown.