I trade the US markets (work from 9PM til 5AM perth time) so I know what you mean. It’s getting that if the sun’s rays strike me I recoil in horror[blink]
Originally posted by Rubbachook:
Anubis, why not send WayneL a PM? He could do with an outlet.
Your disparagement of me thus far has been witty and humerous, even if your phraseology was faulted…and as I was sh*tstirring, I probably deserved it. No worries, fair cop.
If you buy at very high historical valuations, you run the risk of REDUCING your equity, and net worth, when things ultimately correct.
In the long run this will be temporary….but how long is temporary? 1 year, 2 years, 5 years?
Is it not better to buy at historically neutral or lower valuations?
Originally posted by foston:
Something to think about, remember the days of the Whitlam Government[blink], the 18% interest rates etc. etc.[weird], scary stuff. Guess who is Latham’s mentor, Whitlam of course, dare we go there again[glum2].
foston
This is exactly why I have a one way ticket in my top drawer.
An American decided to write a book about famous churches around the world. For his first chapter he decided to write about Australian churches. So he bought a plane ticket and took a trip to Hobart, thinking that he would work his way across the country from South to North.
On his first day he was inside a church taking photographs when he…[Read more]
Originally posted by Rubbachook:
Wayne, I still don’t know if your point is any more than cliched rhetoric.
So, yes. Enough said.
cli·chéd also cliched ( P ) Pronunciation Key (kl-shd)
adj.
Having become stale or commonplace through overuse; hackneyed: “In the States, it might seem a little clichéd; in Paris, it seems fresh and orig…[Read more]
Originally posted by Rubbachook: Originally posted by wayneL: Originally posted by Rubbachook:
WayneL – how about you start with something. Anything at all…
But let’s just say that an unacceptably high proportion of government spending I consider to be electoral bribery.[V]
Okay, so your point actually has nothing to do with any political…[Read more]
All that is true, but these things are cyclical in nature.
Also, underlying the warm and fuzzy positives, is a dangerously high level of credit, as thefisrstbruce has pointed out above…some say a credit bubble.
Some economists have raised the spechtre of deflation, which is equally damaging. For a really scary read, go out and get…[Read more]
Originally posted by georgisj:
So what is going to be the catalyst for the decline??
James
That is a very good question. Thats why, as things stand at the moment with low interest rates etc, I favour an extended sideways correction, a protracted plateau. Time will eventually catch up with price.
Previous sharp corrections have been triggered…[Read more]