BOOMED! Huge buying opportunity ...

[rootsnall]

This time next week the FTSE will be over 5500.

Or under 4500 !?

[ookook]

That bill will go through - it might get mangled a little bit but it will definately go through IMHO

[ace00]

The problem is if the plan is not agreed by this weekend it may be too late.
If it is not agreed by next weekend or compromised by "pork barreling" (not that is perfect at present) then it will be too late. It may be that by pushing this so hard the gov have backed themselves into a corner.

Buffet's strength is he does a lot of DD and picks under-valued companies. GS is now well on the way to becoming a major bank. IT firms are seeing valuations last seen in 1995! So there is value out there but the market trades largely on sentiment.

I would also say that the approach of "Buy & Hold" may no longer be valid.

[sasguru]

Or under 4500 !?

If that's what you believe and you have good reason, you can make money on that too.

[sasguru]

The problem is if the plan is not agreed by this weekend it may be too late. .

They're aware of that. It will.

I would also say that the approach of "Buy & Hold" may no longer be valid.

You reckon?

[rootsnall]

The problem is if the plan is not agreed by this weekend it may be too late.

GS is now well on the way to becoming a major bank.

Eh !? If it's too late then GS are surely in the doo doo. I saw a list of the Co's that have so far gone under and it is those are over leveraged, the next down the list was GS.

[rootsnall]

If that's what you believe and you have good reason, you can make money on that too.

I didn't say I believed that, I think they will announce the deal is done in the next week and there will be a rally. How long the rally will last !?

[sasguru]

I didn't say I believed that, I think they will announce the deal is done in the next week and there will be a rally. How long the rally will last !?

Who knows? As soon as it goes up I sell. I'm not greedy, my strategy is to use predictable fluctuations to make a little here and there.
Don't listen to the technical analysts, they're fooling themselves.

[HairyArsedBloke]

This time next week the FTSE will be over 5500.

Gonna offer spreads on that?

[BrilloPad]

If that's what you believe and you have good reason, you can make money on that too.

So a straddle then?