Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (70685)	10/27/2008 3:58:29 AM
From: Maurice Winn	1 Recommendation Read Replies (2) of 74559

Good grief, I log off for a few hours, come back and the Nikkei, Hang Seng, Shanghai are zooming down. Gold, platinum, oil, down . NZ$ down more and again and still. This is world record declining. Lots of liquidation going on and the $700 billion saving fund is sitting on the sidelines and that's like a boy with his finger in the dyke anyway. Nikkei down to 30 year lows. Hang Seng back to the Asian Contagion era. Silly OPEC cutting production is irrelevant [they don't have a choice because the ships aren't there to load it at the end of the pipeline]. I turned down NZ$1 for US45c 8 years ago. It looks as though I'll get the chance to take a 45c offer again. Or 40c. Or 35c..... = half price from just a year ago. Markets can do silly things for a longggggg time. But it's unwinding time now. Mqurice

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