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Are we on the way up?

  • 18-04-2008 2:23pm
    #1
    Mr Charts
    Closed Accounts Posts: 1 ✭


    Are we now going to move back up to previous price levels before the big sub prime sell off?


Comments

  • #2
    TheBigLebowski
    Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭TheBigLebowski


    Mr Charts wrote: »
    Are we now going to move back up to previous price levels before the big sub prime sell off?

    Isn't the answer obvious?


  • #3
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    TheBigLebowski wrote: »
    Isn't the answer obvious?

    no, please enlighten us lebowski


  • #4
    techguy
    Registered Users, Registered Users 2 Posts: 2,236 ✭✭✭techguy


    I'd hazard a guess and say the obvious answer is no!! Although I wish it was yes!! Each week there seems to be a new company either getting bailed out or writing off huge amounts of losses!!


  • #5
    A Random Walk
    Closed Accounts Posts: 346 ✭✭A Random Walk


    Where are all those people on this forum who say "you should only buy when shares are going up"? Well then, are they going up? Or are they going to go back down? Not easy is it?

    If you're a long term buy and hold you'll probably have made 10% in the past month without fuss.


  • #6
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭IrishMike


    A Random Walk wrote: »
    Where are all those people on this forum who say "you should only buy when shares are going up"? Well then, are they going up? Or are they going to go back down? Not easy is it?

    If you're a long term buy and hold you'll probably have made 10% in the past month without fuss.

    Nice nick, **** book though :)


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  • #7
    LuckyCharms
    Registered Users, Registered Users 2 Posts: 526 ✭✭✭LuckyCharms


    The short answer is no. The estimated sub prime fallout has recently been revised from 3-400 mil to about 1 trillion. Just because the irish banks are relatively unscathed for the most part means nothing as the major players still have more losses to write down.The full fallout won't be felt until the end of the year. With various economies bordering on recession and the housing/ mortage crisis, it is probably best to hold off till the end of the year or think long and hard if you plan on investing in anything .

    Good picks for investments are commodities currently, as oil, gold and food prices in general seem to be going up n up. Food prices is a good long term strat as more and more agricultural land is being handed over to create new energy sources. This trend is ecpected to continue for the possible future.


  • #8
    gordon_gekko
    Closed Accounts Posts: 412 ✭✭gordon_gekko


    LuckyCharms wrote: »
    The short answer is no. The estimated sub prime fallout has recently been revised from 3-400 mil to about 1 trillion. Just because the irish banks are relatively unscathed for the most part means nothing as the major players still have more losses to write down.The full fallout won't be felt until the end of the year. With various economies bordering on recession and the housing/ mortage crisis, it is probably best to hold off till the end of the year or think long and hard if you plan on investing in anything .

    Good picks for investments are commodities currently, as oil, gold and food prices in general seem to be going up n up. Food prices is a good long term strat as more and more agricultural land is being handed over to create new energy sources. This trend is ecpected to continue for the possible future.


    you would think commodities were a good bet right now but even there suffering , once the american economy is in the tank , nothing , absolutly nothing performs , nowhere or or nothing has any independance from what happens in the good ol usa


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