XJO 1.29% 7,861.2 s&p/asx 200

the most perspective post yet

  1. 7,334 Posts.
    I hope Neil-W.A. doesn't mind me posting his words below.
    I think it deserves it's own thread .A great summation.

    Posted: 21/10/07 14:44 Hotcopper Radio: XJO on BoardRoom Radio
    Posted By: Neil_WA
    "Fall on the DOW was bought about by the management of Caterpillar seeking to excuse their poor performance in the midst of a worldwide boom in the heavy equipment sector bought about by the mining boom. They took advantage of a nervous day in the US to try to crash the market to make Caterpillars fall post profit ann/forecast look less bad.

    The market has brushed off much worse news than this over the past month - it just happened to be October 19th!

    I agree there may be weakness like there always is after a stellar run like the past month. I just don't see a 10% drop and predict the levels we have now will be about where the year finishes (ie few gains between now and the end of the year - only two months anyway!).

    I'm not selling - may buy some blues if there is a fire sale.. "

    cheers
 
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