yeah and oil was going to $200 USD pb.
now they have oil going down to $50 USD!!
time to buy oil and commodities i think.
the ASX200 was always going to go below 4200 because the commodities hadnt been hit. now they have experts tell us its going even lower.
markets always over shoot to the upside and downside.
i say buy the resource stocks at these prices and tell CNBC etc to go and work in the markets rather than report on them. i have never seen so much rubbish like the stuff i see on some of these show or in the general media.
when the property market was going up they interviewed every man and his dog, ie real estate agents saying how good property was, whay about now? bash the stock market, just like that idiot David Kosh on channel 7, sensasionalism at its best.
you buy low and sell high, the markets are now cheap, the markets always lead the real economy so buy now and wait for signs of a recovery in the real economy and then the market will rocket even higher.
my prediction is for the ASX200 to be at 5500 by the end of the year.
GG
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