Green shoots of recovery in America!
#1
Green shoots of recovery in America!
http://www.marketwatch.com/news/story/Gold-falls-second-day-US/story.aspx?guid={38642642-3BF0-4A7F-B54E-DEDE70F5359A}
Especially for
1) njkmrs
2) sunnyside up
3) stevebt
sorry can't get the link to work. Go to www.kitco.com and its the first story in the mddlie that starts ' gold falls for second day.....'
Especially for
1) njkmrs
2) sunnyside up
3) stevebt
sorry can't get the link to work. Go to www.kitco.com and its the first story in the mddlie that starts ' gold falls for second day.....'
Last edited by Deep Singh; 17 March 2009 at 09:07 PM.
#3
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Funny that - some of the big IT firms I spoke to this morning reported sales activity has increased - one said "ballistic" - not sure if it is public sector ***** spending budget before april??
Last edited by what would scooby do; 17 March 2009 at 10:39 PM.
#5
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We've had plenty of false dawns! Early in the year the stock markets would rally and crash every other week. They seem to have settled down a bit until recently, and I suspect we're back into the crash-rally sort of thing!..
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
#9
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If there is no more bad news things might stablise. If (and it might be just around the corner) some of the insurance/investment companies pipe up and claim poverty then things will slide even further. Theres been bad news from Standard Life, Norwich "Change your name as much as you like your still sh1te" Union and Legal & General. Not to mention some of the smaller investment houses having troublesome funds that have stalled.
When the bad news stops things will begin to improve.
#10
I believe that, as it crashed so quickly, it will also rebound quickly too ......... by the time we realise it has recovered we will be there.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
#11
http://www.marketwatch.com/news/story/Gold-falls-second-day-US/story.aspx?guid={38642642-3BF0-4A7F-B54E-DEDE70F5359A}
Especially for
1) njkmrs
2) sunnyside up
3) stevebt
sorry can't get the link to work. Go to Kitco - Gold Precious Metals - Buy Gold Sell Gold, Silver, Platinum - Charts, Graphs, Prices, Quotes, Gold Stocks, Mining Stocks, bullion dealers and its the first story in the mddlie that starts ' gold falls for second day.....'
Especially for
1) njkmrs
2) sunnyside up
3) stevebt
sorry can't get the link to work. Go to Kitco - Gold Precious Metals - Buy Gold Sell Gold, Silver, Platinum - Charts, Graphs, Prices, Quotes, Gold Stocks, Mining Stocks, bullion dealers and its the first story in the mddlie that starts ' gold falls for second day.....'
Hey thanks Deep .
I had not seen that info .
Glad you come over to the bright side .!!!!
As said ,we follow America ,so the Germinating process has been successful and them little shoots will be poking through the soil any time now .!!
What with all this sunshine we are having ,its no wonder things are looking up even sooner than I said .
#12
I believe that, as it crashed so quickly, it will also rebound quickly too ......... by the time we realise it has recovered we will be there.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
#13
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I believe that, as it crashed so quickly, it will also rebound quickly too ......... by the time we realise it has recovered we will be there.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
The US housing market and toxic mortgages were the driving force ..... the US housing market is now recovering - won't be long before we follow suit.
Good luck with that theory.
I'll still with what the major UK economists are forecasting - there will be false dawns over the next year and we will spend the next 10 years coming out of this recession.
#14
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Indeed, today the IMF predicted that we'll still be in recession next year and predicts our econmony will take the longest to recover. Seems odd they can say that while the government have being telling us we're best placed to see out this recession
#16
We've had plenty of false dawns! Early in the year the stock markets would rally and crash every other week. They seem to have settled down a bit until recently, and I suspect we're back into the crash-rally sort of thing!..
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
On a serious note mate;
I know you know as well as me that equities are usually the first to rise, whilst unemployment may still be rising and property falling.
Therefore, if we intend to make any money from equities we are going to have to be brave and get in early or miss the boat.
I'm not saying now is the time, my original title post was tongue in cheek, but to make real money from stocks we will need to buy whilst there is still 'blood on the street'
#18
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The housing market in america will be getting better as it has been suffering for the same year and a half we have, so it doesn't take much to bring it back from the bottom. Obviously the housing marklet will not go back to 2 years ago level of builds but it is steadily rising. Once the housing market recovers you will see it pass onto others. I hope it doesn't last much longer than this year as it will be over 2 years of slow/no work for the housing industry
#19
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The US housing slump has been going on much longer than ours Steve.
They were well into it when we sold our house, and everyone here thought I was mad saying it wouldn't happen here.
They were well into it when we sold our house, and everyone here thought I was mad saying it wouldn't happen here.
#21
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in my view it will rebound quite quicky and we will be back to insane lending and another "new paradigm" in asset values quite soon
this, if you like, is the WW1 of financial diasters, complete with the "never again" sentiments. The next crash will be WW2/Nuclear, when people will really cotton on to whats happening
where is any coherant left wing analysis of this disaster, I haven't heard much.
this, if you like, is the WW1 of financial diasters, complete with the "never again" sentiments. The next crash will be WW2/Nuclear, when people will really cotton on to whats happening
where is any coherant left wing analysis of this disaster, I haven't heard much.
#22
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The gold price It is going mental. Never have I seen such a movement in 90 minutes. I have long positions, but if I had as much on it now as I previously had I would have been making £100 a minute in the last 90 minutes.
#24
I think thats because it fell initially below $900 for the first time in two months, this must have been a buying point for many who seized the opportunity and jumped in.
#26
#27
Hey, I'm not bothered about the Euro!
I've got a 3 week holiday to Japan and Hawaii in two weeks so I want a good exchange rate ASAP!
Mind you, I bought J¥137000 for £1k a few weeks back.
Down to 132 now
I've got a 3 week holiday to Japan and Hawaii in two weeks so I want a good exchange rate ASAP!
Mind you, I bought J¥137000 for £1k a few weeks back.
Down to 132 now
#28
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We've had plenty of false dawns! Early in the year the stock markets would rally and crash every other week. They seem to have settled down a bit until recently, and I suspect we're back into the crash-rally sort of thing!..
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
The markets might pick up a bit, and then we'll get the next biggie like GM or AIG going under.
Anyone who thinks things will suddenly improve, and we'll go back to 'normal' in a year or so just doesnt understand the severity of the whole situation!
Even if this whole mess bottoms out now, it'll be many years until we really see a proper recovery.
Now it's generally end-of-year and the TPTB have taken action to ease cashflow and there's "some" stability, I'd expect things to settle around 4000 for a while. - Then notes that the FTSE has actually fallen today - LOL.
There's still a lot of nerves around. I'd expect optimism in the face of no bad news but sell offs if something goes too pear shaped. Gradual recovery punctuated by crevasses IMO.
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On a serious note mate;
I know you know as well as me that equities are usually the first to rise, whilst unemployment may still be rising and property falling.
Therefore, if we intend to make any money from equities we are going to have to be brave and get in early or miss the boat.
I'm not saying now is the time, my original title post was tongue in cheek, but to make real money from stocks we will need to buy whilst there is still 'blood on the street'
I know you know as well as me that equities are usually the first to rise, whilst unemployment may still be rising and property falling.
Therefore, if we intend to make any money from equities we are going to have to be brave and get in early or miss the boat.
I'm not saying now is the time, my original title post was tongue in cheek, but to make real money from stocks we will need to buy whilst there is still 'blood on the street'
Difficult to know where to invest at the moment really. I got a fair bit into fixed rate bonds at the right time, but as these mature in the next year or two I'm not sure what I'll end up re-investing. Unless we end up getting massive inflation from all this money being pumped into the system, then I expect I'll being going for things like zopa and blue chip shares which pay good dividends!