Recession nearing an end

baggygreen · 12-02-08, 05:30 PM

I've kept a careful track of a few stocks on the ASX, the aussie stock exchange, and put down a hypothetical $5k on 2 of them when I thought they'd pretty much hit the low. That was roughly 3 weeks ago.

Now, if I'd bothered to actually put real money down, one of them is up 40%, the other is up 35%.

I would be a happy man

As for the wider world, in my opinion the market needs to be reset. Everything has hit unsustainable highs. prices need to get back to reasonable levels, I'm talking houses that are only 3 or 4 times and avg annual wage, not 10x like it is here now. earning 500,000 is bloody stupid if you sit on your arse. People got too greedy, and now its time to have cutbacks. but it neds to be on everything

12-02-08, 05:30 PM	#4
baggygreen Sea Lord Join Date: Jul 2006 Location: Canberra, ACT, Down Under (really On Top) Posts: 1,880 Downloads: 7 Uploads: 0	I've kept a careful track of a few stocks on the ASX, the aussie stock exchange, and put down a hypothetical $5k on 2 of them when I thought they'd pretty much hit the low. That was roughly 3 weeks ago. Now, if I'd bothered to actually put real money down, one of them is up 40%, the other is up 35%. I would be a happy man As for the wider world, in my opinion the market needs to be reset. Everything has hit unsustainable highs. prices need to get back to reasonable levels, I'm talking houses that are only 3 or 4 times and avg annual wage, not 10x like it is here now. earning 500,000 is bloody stupid if you sit on your arse. People got too greedy, and now its time to have cutbacks. but it neds to be on everything