Is this the BOTTOM of the equity markets???

This is a discussion on Is this the BOTTOM of the equity markets??? within the General Trading Chat forums, part of the Reception category; Originally Posted by BSD Hehe, nice one. But, yup, very true. I'd actually considered forwarding some funds to these two ...

View Poll Results: Does the Bailout package mark the bottom of the equity markets???
Yes, absolutely! I am buying here! 9 12.00%
Yes, but I need more confirmation. 11 14.67%
I don't know/care. 10 13.33%
No, I will sell rallies. 40 53.33%
No, I sell ANY UPTICK! 5 6.67%
Voters: 75. You may not vote on this poll

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Old Oct 6, 2008, 11:16am   #91
 
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Originally Posted by BSD View Post
Hehe, nice one.

But, yup, very true.

I'd actually considered forwarding some funds to these two nationalised UK banks where investments are guaranteed by the UK government, but now Merkel said yesterday that all private accounts will be fully guaranteed by the government here too, so that is a relief !

Krisengipfel in Berlin: Merkel stellt Komplettschutz für Spareinlagen in Aussicht - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Ironical isn't it: this time last year people were queuing up to get their money out of NR, now they are metaphorically queuing up to put it back in - so much so that some accounts have been restricted. Funny times!
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Old Oct 6, 2008, 11:26am   #92
 
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yepp Domino starts SMALL
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Old Oct 6, 2008, 11:30am   #93
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What a nightmare !

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Originally Posted by 0007 View Post
Ironical isn't it: this time last year people were queuing up to get their money out of NR, now they are metaphorically queuing up to put it back in - so much so that some accounts have been restricted. Funny times!
Absolutely, they must be attracting funds like crazy right now.

And I would have been one of them putting money in, if Merkel hadn't announced a government guarantee here too for savings.
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Old Oct 7, 2008, 12:59pm   #94
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Jim Cramer: Time to get out of the stock market

“I thought about this all weekend. Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”


Where the good Chairman has a point, he has a point. As he sums up, if the talking heads - which is Cramer's job these days after all in his post hedge-fund phase - call out a bottomless market a fade would surely seem in order:

Not sure if it will mark *the* bottom, but surely this marks some kind of major bottom (assuming there is a just God, lol).
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Old Oct 7, 2008, 5:30pm   #95
 
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DaxDestroyer started this thread He should have had some Volkswagen shares
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Old Oct 7, 2008, 5:42pm   #96
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Is this the BOTTOM of the equity markets???
The bottom of the equity markets is zero, so the answer to the question is a resounding NO

I wouldn't be at all surprised to see further significant falls from today's levels.

All it needs is a few more w*ankers to keel over.

Sorry, I meant bankers.

Same thing really I guess.
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Old Oct 7, 2008, 5:57pm   #97
 
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Originally Posted by yacarob1 View Post
The bottom of the equity markets is zero, so the answer to the question is a resounding NO

I wouldn't be at all surprised to see further significant falls from today's levels.

All it needs is a few more w*ankers to keel over.

Sorry, I meant bankers.

Same thing really I guess.

The only thing, what really COULD surprise me ... if I could not profit from it ... no matter, what direction it takes
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Old Oct 7, 2008, 6:09pm   #98
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The only thing, what really COULD surprise me ... if I could not profit from it ... no matter, what direction it takes
Fully agree, even though it might mean making money out of the misfortune of others.

Who cares anyway, survival of the fittest etc etc....tra la la ..
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Old Oct 7, 2008, 6:12pm   #99
 
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Fully agree, even though it might mean making money out of the misfortune of others.

Who cares anyway, survival of the fittest etc etc....tra la la ..
Nobody is forced to play I do futures ... this is just good old fighting ONE on ONE ...

They use dirty tricks ... so if I play fair and still win ... I love it
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Old Oct 9, 2008, 10:13pm   #100
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Thumbs up Best post of the thread award

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I wouldn't want to try to pick the bottom, why would anyone want to try to do that? Such choices are usually wrong - look at a chart and you'll see that we''ve had lots of reasonable candidates for bottom since the start of the year, and none of them were the bottom. TV journalists love this game but it is a waste of time.

I intend to trade what the market is doing, not trade what I think it will do. I am prepared for it to go up or down and will trade it accordingly, but no time need be wasted on finding the bottom.

Very Good post tomorton



This MUST be the bottom Tomorton

your week swing trend setting 5 on the rsi just popped out of the bottom of my pc and stabbed me in the leg :-)


Andy
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