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Are we anywhere near bottom?

  • 25-10-2008 12:59pm
    #1
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭


    Are we anywhere near the bottom with markets? hopefully we are and should see a rally near the end of next week which looks to be temporary with more downside after bear rally.


Comments

  • #2
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭Lexus1976


    In my opinion we have'nt even scraped the bottom of the barrel. Its still very early days.


  • #3
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    the global crises made the cover of time which means we've officially reached rock bottom, if past precedent is anything to go by. :D


  • #4
    md23040
    Registered Users, Registered Users 2 Posts: 512 ✭✭✭md23040


    leninbenjamin wrote: »
    the global crises made the cover of time which means we've officially reached rock bottom, if past precedent is anything to go by. :D

    The Vix index within equity will swing up and down like a yo-yo but the mom figures will in my opinon remain low. Easy money can be made at the moment by execution only trading through utilising equity spreads.

    Outside equity certain sectors show a lot of promise. Within commodities - if oil hits $50 then a 2012 contracts could be good, considering oil is only productive for extraction within the minimum $80-$85 per barrel range.

    Wheat is a similar tale as oil with world demand increasing and too much down side given with position drops of Hedge Funds. But worringly not sure after the flight back to the dollar from emerging economies, if the dollar over the medium term will buckle and collapse against the other majors.

    Japanese Yen looks safe especially now the Topix is yielding higher than bonds. The lost decade of the Japanese market will be the first equity bourse IMO to emerge. Its banks are in good shape and Nomura is hovering up the fire sale assets of many banks sold. In the future these will be seen as phenomenal deals - especially the buying of the sexy bits of Lehmans


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