Market Watch 2011

Speculator

Obama playing a dangerous game with National Debt.

The European sovereign debt crisis.

Surging oil prices due to political unrest in the Middle east.

High inflation in both emerging markets and super powers.

Adverse weather conditions affecting Japan & New Zealand and the astranomical claims that will have a massive impact on insurance companies worldwide are just some of the reasons I'm standing on the sideline.



I would be interested to hear your views on the current state of the market especially those of you who use graphs and charts as indicators to future market performance.

coylemj

You forgot to mention Ireland getting beaten by Wales on Saturday.

Speculator

coylemj wrote: »

You forgot to mention Ireland getting beaten by Wales on Saturday.

Does'nt bother me too much as I lost no money on that game

ixus

Extreme volatility this week.

Some see it as a buying opportunity.

If you've read Reminiscence of a Stock Operator you might think a little differently.

Speculator

ixus wrote: »

Extreme volatility this week.

Some see it as a buying opportunity.

If you've read Reminiscence of a Stock Operator you might think a little differently.

Hi Ixus,

Sure its extremely volatile this week, but all events relating to this volatility appear to be getting a lot worse i.e. Japan, Middle East etc

jellybeans

Ive posted in another thread how my shares took a nose dive this week seems like a lot of stuff going on in the world at the moment, incidentally has anyone any thoughts on how long it will take Ireland to dig it's way out of this hole we find ourselves in?

pirelli

Well, Im buying CCJ on monday morning. Pre market ideally.

Despite all the doomsay i think market will rally into the next QE2. Jobs data is good. In fact everything looks rosey..apart from housing.

RSI bounced off oversold on the main market indexs so it's buy buy. The correction might continue down but it will keep bouncing off the RSI 30 each time until we continue back up. So for every turn up im buying oversold stocks.

Chinese stocks are looking very oversold coming into earnings. Easily 30% on them.

Speculator

pirelli wrote: »

Despite all the doomsay i think market will rally into the next QE2. Jobs data is good. In fact everything looks rosey..apart from housing.

Jobs data is being held up by government stimulus, which cant go on for much longer. The market has reached approx this level 3 times in history before the bear market set in:

S&P 500
http://www.google.co.uk/finance?q=INDEXSP:.INX

FTSE
http://www.google.co.uk/finance?q=INDEXFTSE:.FTSE


Interesting articles:

Irish Times
http://www.irishtimes.com/newspaper/finance/2011/0408/1224294213123.html


Market Oracle
http://www.marketoracle.co.uk/Article25252.html


The markets can continue to grow, although they are on fragile foundations. I liquidated most of my portfolio in Dec 2010, perhaps this was a mistake, but I'm going with my instinct. To be honest I'm looking for a decent dip before getting back into the market, so for the moment I'll be sitting on my money.

turbobaby

Hey Speculator,

Be wary of the jobs data being supplied by the US. Some believe it is manipulated to give the impression that a recovery is in progress.

I have not done any research on this, just reading some articles and listening to radio interviews.

Hope you got some of your cash out of GCL before it dropped off - although its starting to recover already :eek:

TB

Speculator

turbobaby wrote: »

Hey Speculator,

Be wary of the jobs data being supplied by the US. Some believe it is manipulated to give the impression that a recovery is in progress.

I have not done any research on this, just reading some articles and listening to radio interviews.

Hope you got some of your cash out of GCL before it dropped off - although its starting to recover already :eek:

TB

Hi Turbobaby,

GCL was the only investment I kept. I still have a substantial holding in the ETF and I'm 100% confident that that it will continue to grow.

turbobaby

Speculator wrote: »

Hi Turbobaby,

GCL was the only investment I kept. I still have a substantial holding in the ETF and I'm 100% confident that that it will continue to grow.

Good to hear your confidence. I got half out at 118.50 and the other half at 88.50.

I must say I'm surprised to see it going up again, but the NAV has held up pretty well considering.

Perhaps it's telling us that the world needs nuclear energy, whether we like it or not...

Speculator

turbobaby wrote: »

Good to hear your confidence. I got half out at 118.50 and the other half at 88.50.

I must say I'm surprised to see it going up again, but the NAV has held up pretty well considering.

Perhaps it's telling us that the world needs nuclear energy, whether we like it or not...

Most countries have no option, there are no other viable altenatives at the moment that would produce that level of power. I originally bought it at .49 and then again at .52, I'm not too concerned at the current fall in prices as this is a medium to long term investment.

Speculator

More bad news over the last couple of weeks, the market continues to head south. Got a funny feeling it will dive before it gets any better.

Speculator

Another fantastic day for World Markets and with no positive news due in the forseeable future I would hold off for the moment before making any large investment decisions.

http://www.google.co.uk/finance

Thargor

Bit late for me I'm loaded up to my neck :eek:

OfflerCrocGod

A greek haircut would be positive news.

colsku

OfflerCrocGod wrote: »

A greek haircut would be positive news.

Somebody's good news is another's bad news.

A Greek haircut would be excellent news for me, but diabolical for Herr Banker.