Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.23%

7,999.3 s&p/asx 200

So you think we will see the market running again soon?

First 71 Last

Share
Profile

Follow
eternit

2,959 Posts.

10

06/02/18

13:27

Post #: 30855295
Share

Originally posted by nine lives ↑

exactly what I am saying Hoots. Sell in May and go away is because it is preceded by the strongest part of the annual cycle. This bull started on March 6th 2009 so in the scheme of things a second top in another 2 or 3 months is short term. Of course it doesn't feel like it will happen today which is why there is such market carnage.....people are trading according to how they feel today. But mark my words. Someone in the US will do something fairly soon to try to put a floor under this. Maybe it will be a promise from the Fed to keep interest rates on hold for another year.

The one caveat I would make though is that this theory applies to big stocks and specs with genuine prospects. We have seen a lot of rubbish stocks lift in the recent euphoria. My experience is that this type of event we are currently in will kill them dead and they won't be joining the rest of the market for any meaningful recovery.

Expand

So you think we will see the market running again soon?

XJO Value at posting: 6,026.2
Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

There are more pages in this discussion • 45 more messages in this thread...

First 71 Last

Add XJO (ASX) to my watchlist