xjo weekend zoomba lounge, page-59

If we're in 2008 scenario? Then - At least a test of the March, 2009 lows.

Just looking at the charts, I can't see that this is a similar situation to 2008.

I think this is muddle through territory. We just don't have the euphoria evident in 2007 - especially in real estate markets in the U.S., Spain, Ireland, etc.

Has another similar boom formed? I can't see it. Gold? No. Real Estate? No. Oil? No. Copper? No. Stock market? America had a good run recently, but nothing like 2003-2007. So no.

Europe has been a topic of conversation now for a couple of years. Somehow they seem to be muddling through the financial problems. Maybe they're only going to get worse with Europe dipping into recession.

U.S. seems to be muddling through - not fantastic growth but OK. China has probably bottomed.

Of course, the Austrian economists think the only way forward is to have a huge wash out of everything. We might then see Dow 3000, or even lower. 1930's style Depression, here we come. I think they're a ragbag fringe group who get too much air play in the media - because they do present the Doom and Gloom scenario. And the media loves Doom and Gloom. It sells papers, TV Shows, etc. That's the hook that makes the paying public say: I've gotta have that.

But - you never know - they might be right. Maybe I'm the fringe ragbag. :)

Of course, the Doom and Gloom purveyors are loving the "fiscal cliff". Buffett supposedly coined that phrase - and the media latched on to it. Lovely doom and gloom sound to it. Now its on everybody's lips. I guess Buffett would be buying.

None of this means I'm a raging bull. But a raging bear, a la Martis? No.

Redbacka