NL,
Somehow, I thought the maximum fear will bring the crash to a lower level, like 1929. Obviously, I was wrong (again).
It looks like goverments from all of the world have done "great" job to ease the fear by virtual through money at anyone on the earth.
Without extreme fear, I doubt there is any drive for significant downside in short term, or we have seen the double bottoms already.
But for medium term or longer term, I don't know. I quote from the book of The Great Game:
"As late as June of (1930), when a group of clergy visited Herbert Hoover int he White House to urge a public works program, Hoover told them, "You have come sixty days too late, the depression is over....."
Since I have been wrong most of the time recently, everyone can almost use me as contrarian indicator.
- Forums
- ASX - By Stock
- tuesday continues relief rally or not
NL,Somehow, I thought the maximum fear will bring the crash to a...
-
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,223.0 |
Change
35.600(0.43%) |
Mkt cap ! n/a |
Open | High | Low |
8,187.4 | 8,242.8 | 8,187.4 |
Featured News
XJO (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online