xjo weekend zoomba, page-119

Martis
I share a lot of your views however, I struggle with the timing of the larger events like the dreaded C Wave you refer to over time.. I am confident with the ST movments and trade my options accordingly but the I read your posts with great interest as your view seems ever so closer to becomming reality...

The doom and gloom is opposite to the trading strategies of most as you mostly buy shares to reap reward in one direction... I guess it is almost like being in denial to even contemplate such a collapse of the Global markests...

But I must say, given the lead up to the GFC, the way market reacted at the bottom of the GFC followed by the Long term down trend we are currently in....I am absolutely convinced the COMPLETE FAILURE of the G20 to achieve anything other than a unified agreement for capitulation will only be considered as the final nail in the coffin...

The article zia posted (again if correct) reminds me of the Global reactions to subprime mortgage defaults...

Regardless if you are a Bull or a Bear...this week will not be pretty...

I put my properties on the market this week and will sell at market and have already shifted cash, super and restricted my trading to puts and calls (no margening required)...

With regard to the Miners and expansion plans, the long term strategies are still in place so BHP's super pit and Xstrata's similar pit will still go ahead as the construction activities are budgeted for longer term returns....The shorter term projects are being placed on hold with the choice to "leave the metal in the ground"....

Global growth is about to contract....best be prepared