governments have just introduced a lot of measures designed to stimulate economies around the world
they did so because they thought they would work
if they didn't think they would work they wouldn't have used them
I think we should give these national governments the benefit of the doubt and at least give their stimulus measures an opportunity to work before we express an opinion.
If someone was to hold a gun to my head and tell me to make a decision one way or the other it would still be very difficult to say
all the property trusts are down at least 50% the banks are down the investment banks have been completely smashed all the resource stocks are down media companies have been trashed any stock that debt has been decimated can you name one that has debt and is still up? I can't
the general economy is down commodity prices are down interest rates are coming down
oil prices are down gold is falling
taxi drivers are saying cash is king all the lagging indicators such as newspaper commentary are negative
I would say everything is reflected in the prices now
there are no surprises
all the stuff you are talking about is factored into the price
I don't know where the market will go but if someone were to put a gun to my head I'd say the market will track sideways
