The bears are in their caves waiting for summer! Let the bears sleep for when they awake, the world will tremble. Regards Errol 43
Came across this today, it is a picture of a bear that has been shaved... What a terrifying creature!
The bulls are running through the streets of New york, charging into Wall St after passing through the Federal reserve. Plenty of green shoots to eat. They will find themselves in Maddison Square Garden one day and then the cry will be seconds out and let the fight begin! I'll back the bears over 15 6month rounds. Regards Errol 43
Gregory Mannarino has a couple of good posts on where it all sits currently. [youtube]http://www.youtube.com/watch?v=AgiUDSL4MG8[/youtube] [youtube]http://www.youtube.com/watch?v=0PWjv8H1ylA[/youtube]
It's taken them 5 years to pump it back up again...how many trillions? But it's still broken... Picking pennies up in front of a steamroller...
If held, those'd be worth 20-35% cap gain + one annualised ~6% franked div since then. Not bad for less than 7 months. Getting pretty pricey now. Skaffold values the big four as 16% (ANZ) through to 28% (WBC) less than their last closing prices. The banks can stay above their intrinsic valuations for 2 years or more though according to the Skaffold maps, especially CBA. Looking at ANZ, it has only gone above I.V in the last 6 months, but WBC has been over-priced for more than a year.
"The corrective phase has begun" says Garry Glover. Well I'm sure feeling it (applause from enemies) http://www.finnewsnetwork.com.au/ar...fternoon_Investor_20_03_2013&utm_medium=email
Murray Dawes too. But if they keep calling a bear market they're bound to be right eventually. Then there will be all the ads from Port Philip Publishing claiming a great victory and how brilliant he is. Of course there will be no mention of the last 12+ months worth of losses. I love the latest ad where Dawes mentions Linc Energy and how "if you knew what to look for" you could have bought it and made 382%. The problem is, he never recommended that his subscribers actually buy it. But hey, what's wrong with using an example like Linc and not actually explicitly saying it was one of his recommendations, but just give the impression that it was? Deliberately misleading I'd say. Deceptive too? Tough times when you have to resort to dirty tricks like that.
I bought my first ever shares on the 25/2 and although its only small time compared to some I'm up over 20% overall, all miners and all but one 100% Aussie PM miners. Even those I'm losing on so far are doing ok on the current market and are down only 1-3 %. I like to think it is all due to my meticulous, careful research and astute prowess at reading the markets but I keep the vaseline handy in the knowledge that it is not.
I'm in awe at your investment strategy - mine involves a hair shirt on one side and a motor yacht with a jacuzzi & bikini babes in the back on the other... (in my dreams now, in my Florida past a much missed reality regrettably) Seriously though, don't get complacent on taking profit - I was a buy & hold investor for decades and only in the last ten years have I done the ninja thing. People get attached to stocks, and it's always important to be objective, so keep an eye on those investments which are 'only 1-3% down' - they can rapidly become 51-53% down or worse, as my Lynas holding (which I don't talk about much but I see little point now offloading given the Malaysia story is levelling ahead of GE13 and production, plant, customers etc are all online) proves - but that's my only one! So, to business today - should be an interesting one I think
... and how are you now? What are you thinking stock market bears? I value your views and I'm not as smug as I might sound.
Re post 26... The bear still has 14x 6month rounds to go.. A knockout for the bears is still on even though the bulls are ahead on points, It aint over to the fat lady sings. Regards Errol 43
