btw I posted this on the xjo thread when QBE was closer to 30 bucks from memory.
Posted: 22/02/08 12:49
here's what I know.
1. historically (sp500 going back 60 odd years) all major routs bounce, retest and usually take off. Its been that way for decades. August rout was retested in January and at least 2 generations of punters expect it to take off right about here, based on their experience of the market.
- thats a lot of potential money pouring in to the upside.
2. the US has defrauded the world with the potential economic equivalent of a nuke. Subprime and probably prime nonsense fraudulaently rated high quality, repackaged and is basically a sh!t sandwich sold as gems. The world will not trust the US for a decade and until we see somekind of apocalypse and rebirth.
4. I said back last year somewhere resources would crack and then the banks and finally insurers would follow. Watch QBE its about to CRASH imo.
btw I posted this on the xjo thread when QBE was closer to 30...
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Last
$17.04 |
Change
0.100(0.59%) |
Mkt cap ! $25.60B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.12 | $16.90 | $27.74M | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14991 | $17.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.05 | 67313 | 4 |
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| QBE (ASX) Chart |