Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (70032)	9/11/2008 7:03:37 AM
From: Maurice Winn	3 Recommendations of 74559

Hi TJ. Shanghai stock market from 6000 to 2000 in less than a year. More excellent news enabling those who found bargains at 6000, or at least good value, to buy LOADS more at a third the price. Nikkei down to 12,000 [nearly], which is a third of the 1989 irrational exuberance levels = nearly 20 years of doldrums. That's a world record slump. The Great Depression didn't last so long with the Dow relatively rapidly regaining the 1929 high. Gold from $777 to $743 = even better for those who took your advice to buy and buy again, then some more, at $1000. They can now get even more at better prices. Silver $10, platinum $1100. Bargains galore! The bone-pointing at Lehman has had the self-fulfilling effect which such things can have. NZ$ sliding as you read ... let's check again ... $0.647 with interest rates cut 0.5% today. Down from $0.83 at the peak a month or three ago. More to go and people still think their houses are NOT going down in value or price, though they have already done so in US$. But NZ houses are still as good as gold [in fact better because gold has fallen further]. This must be pig heaven for you, with tsunamis of money sloshing around the world, volatility high, opportunities everywhere, financial relativity theory going into hyperdrive [fuel combustion now measured in bursts of $trillions per weekend with new world record efforts at Fannie and Freddie]. China can still save itself by ditching the failed TD-SCDMA and going Gung Ho with 450/800MHz CDMA/OFDMA mobile cyberspace. That process is now underway. Mega$billions are powering the process. Mqurice

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