monday trading, page-177

Hello D lux... The only thing that concerns me when comparing the sharp fall back in 1929 was that it fell 45% in a matter of months following a steep and sharp fall. In comparison to what we have today we are falling steadier. The start of the down turn was about 15 months. And with all these do it yourself amateur investors the panic seems to be contained comparing to 1929.

To be 100% honest I just don't feel comfortable calling a bottom... it's kind of like the difference between a suspect who admits he robbed a bank and or if he denied he did. One is more believable than the other. (strange analogy but I think its accurate at this time of night lol).

I just don't want people to get burnt by other's pushing for optimism while they continue to offload their stocks... Just remember that People don't hire anyone for employment after November so jobs figures will almost be guaranteed to be lower + what I reckon will be a weak christmas in retail. All these are lagging indicators after all...

I expect the down turn to continue for 3 years which is the duration of Rudd's Bank account Guarantee...

Whaddya's think eh?

All IMO