Posted on 11 June 2009 by Stanley
The decision by 10 US banks this week to repay their TARP money and escape the clutches of the Obama remuneration busybodies more or less confirms that the financial crisis is over.
– Alan Kohler, “Pricing out the crisis”, Business Spectator, 11 June 2009
Alan Kohler is an Australian business journalist that I have a lot of time and respect for. So it was interesting to read him confirm what my own crude Stock Market Seismometer has also been indicating over the last three months… perhaps, financially speaking, things are returning to a state of normality? I’m not qualified to give financial advice, but I’m quietly optimistic that the worst of the Global Financial Crisis is behind us.
Now there’s only the swine flu pandemic currently sweeping Australia to worry about!
Filed under: stock market | Tagged: All Ordinaries, ASX, Global Financial Crisis, statistics, stock market | Leave a comment »
Posted on 5 May 2009 by Stanley
I’ve updated my Stock Market Seismometer (see separate page tab above for details) for the month ending April 2009. I don’t work in the finance industry, and I’m not qualified to provide financial advice, but it seems that perhaps (just perhaps) the stock market has hit the bottom. I’ll very likely live to rue that prediction. The pundits say it’s a dead cat bounce with a lot worse to come. But over the last couple of months the Australian Stock Exchange All Ordinaries Index has, at least according to my crude measure, started to reverse out of the massively over-sold territory. There’s a long way to go before I’d describe the stock market as being anything like “in control”, but at least we’re now heading in the right direction.
What an amazing roller-coaster ride. I’m feeling a little bit woozy from it all.
As an aside – I can’t give you financial advice, but I can at least take my own. I’ve decided that now is as good a time as any to put a bit of my own money into a managed fund. So I guess we’ll see what happens.
Filed under: stock market | Tagged: All Ordinaries, ASX, Global Financial Crisis, lovely bottom, statistics, stock market | Leave a comment »