eurovision (or a lack of) tuesday, page-15

pisces

I did hear those comments a few times in 2008.

Actually this feels a bit like 2007 and 2008.

There were a lot of banking issues coming to the fore but people were still playing in the ASXCasino. There is always a bounce on the horizon, but if you get in too early the big dipper gets you. There are fewer people now ready and willing to buy our shares, so the falls will be quick.

My gut says the market is unlikely to tank in the short term - next 2-3 weeks - so those that know how to play the market have a chance of making money.

If Greece exits the Euro after their elections then the markets will tank.

After that we still have the unresolved issues with Spanish banks, along with most of the other bankrupt European banks. To which one adds all the bankrupt governments around the world and tax/deficit issues in the US.

In any case the next phase in the market could be caused by recession in Europe, USA and a slowing/stagnant China. The markets will anticipate what that means for share prices.

Why not wait until Europe actually does a heap more money printing along with US and China?

All it would take for markets to head lower is for some bad economic news to come out in the US.

Commodity prices may come off more. What will that do to our market.

June tax loss selling is coming soon to our market, but July could be even worse unless Benny has agreed to QE3 beforehand.

loki