Bear Market Bottom — More bad news - no affect |
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rbbrain
BullCharts Staff Joined: 22 Jul 2006 Location: Melbourne Posts: 169 |
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Topic: Bear Market Bottom — More bad news - no affect Posted: 02 May 2020 at 10:02am |
With a severe bear market in place in 2020, due to the global
coronavirus pandemic, bear market bottom hunting will be the discussion
topic in the May 2020 User Group meeting/webinar. Does anyone watch the news, and find tht it might give us a heads up? Any early thoughts on
the topic can be posted in the user forum here.
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Convenor - Australian BullCharts User Group Brainy's Share Market Toolbox and BullCharts Tips [/CENTER |
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rbbrain
BullCharts Staff Joined: 22 Jul 2006 Location: Melbourne Posts: 169 |
Post Options Quote Reply Posted: 13 Dec 2008 at 8:46am |
Here is a startling observation last night:
Yesterday, in the US, Congress REJECTED the auto-makers request for bail-out funds. This was the final opportunity to close the deal. "The odds that GM and Chrysler will be insolvent by year's end are growing rapidly..." (AFR, page 18, Sat 13 Dec, 2008).
The experts say this caused the severe sell-off in the Aussie market after about 2pm yesterday Fri 12th (check the chart).
So, Wall Street was expecting a blood bath on the market last night (Fri 12 Dec in the US). Dow Jones Futures were expecting a fall of 324 points.
BUT, the US markets closed UP slightly.
How can this be?
Edited by rbbrain - 13 Dec 2008 at 9:55am |
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Convenor - Australian BullCharts User Group Brainy's Share Market Toolbox and BullCharts Tips [/CENTER |
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rbbrain
BullCharts Staff Joined: 22 Jul 2006 Location: Melbourne Posts: 169 |
Post Options Quote Reply Posted: 29 Nov 2008 at 10:14am |
Bear Market Bottom — More bad news does not affect the market During a bear market, bad news (from the US, or locally, or wherever) seems to be reflected in market sentiment, and a fall in prices. Once a bear market is bottoming, we will find that bad news tends to have less and less affect on the market. Question: Is this a useful way to help spot a bear market bottom? How can we measure this? If you have different ideas about a bear market bottom, then please post it in another Topic, or if you can't find one, create a New Topic like this one. CAUTION: Any information on this forum is general in nature. Nothing that you read here can be construed as financial advice. Any information here is just for discussion and education. Your own personal financial situation has not been considered. THIS FORUM DOES NOT CONTAIN INVESTMENT ADVICE!! Edited by rbbrain - 29 Nov 2008 at 10:18am |
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Convenor - Australian BullCharts User Group Brainy's Share Market Toolbox and BullCharts Tips [/CENTER |
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