No point arguing who is right or who is wrong.. let the market
prove it eventually... there are always buyers and sellers in the
market and they are always having opposite views... how can a buyer
be bearish and long a stock while a seller who is bullish short a
stock right...
Well ppl who lose $$ will not admit they made a wrong decision
and suffer a big losses.. but ppl wil jus be trying to keep
optimisitic of the situation and hope for the best and hopefully
influence ppl to believe what they believe to push up the
market..
what we are experiencing in the market is perfectly normal, the
global markets had suffered a big and terrible losing streaks for
whole of last week.. its time whereby ppl r sick of all the bad
news and with constant news of G7 leaders pouring billions and
billions of $$ to bailout the ailing banks.. ppl tends to cheer for
such measures taken...
but these solutions r short-lived and not going to revive the
economies immediately.. yes from now on, i dun think we will be
hearing any banks going bust cos they r flooded with endless of
liquidity from the central banks.. but then now wat we r
experiencing is a credit crunch whereby banks r reluctant to lend
to business/individuals etc.. and its gonna hurt the economy as biz
with great ideas and opportunities have no loans to fund their
ventures while individuals who wan to buy houses or cars have no
loan to finance their purchases..
if u take a mid to longer term perspective, ask yourselves a
question.. why the G7 leaders r so desperate to pour unlimited
amount of $$ to bailout the banks? r they seeing and knowing sth so
terrible that they have to resort to doing so?? what r the impact
of flooding the whole world with fiat money... it basically erode
the purchasing power of the currency and running a risk of
hyperinflation in the long run... any economic sound person will
understand the -ve effect of increasing the money supply
extensively..
Well for ppl who r in for short-term intraday/overnight trading,
its definitely the time to have rapid scalps... but for ppl who r
going in for long term.. i think what appears to be cheap now will
be cheaper... this rally is what we so called dead cat bounce..
beware and do get urself trapped by this.. its gonna be really bad
when this trend reverse and you might not see it coming to this
level in the short term... look out for Dow Jones reaching
10000pts.. its mught be the potential reversal point...
caveat emptor applies and invest at your own risk.. its ur own
decision and you are the only person to blame if you make the wrong
decision... dun have to feel sore when ppl give differing views
from you. take it as an external reference.. noone is 100% right
neither noone is 100% wrong.. more imptly substantial your stance
with figures/stats and facts...
just my 2 cents worth..
hahaha I am trying is to rub it in. I can't stand
it when people encourage others to gamble, whether in the stock
market or casino. What is likely is that the thread starter is a
commision broker. These type of people will sell their crapz for
some commisions even if it kills the customer.