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  1. #1876
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    Apr 2017
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    Paris Trader
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    186

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    Quote Originally Posted by Hoop View Post
    "There is no cause to worry. The high tide of prosperity will continue." ....Quote Andrew W. Mellon, Secretary of the Treasury (Sept. 1929)
    I'm going to save this one for 2020.

    "Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be," ... Quote Janet Yellen, Chair of the Federal Reserve. (June. 2017)
    Last edited by hardt; 30-06-2017 at 12:35 AM.

  2. #1877
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    Apr 2007
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    Hamilton New Zealand.
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    To be fair and taking an overall perspective of the role Central banks I think they have done very well up to about 3 years ago.. since then it's been a "C" pass mark...From my perspective living in NZ at this time, most of the public in NZ never felt the full impact of the 2008 GFC (for NZ much smaller Global recessions had a bigger impact e.g 1991) so most of us are unaware of the scale of this great recession..

    Due to the Monetary Policy "smoothing effect" The GFC effects and the afternath recession is still being felt in the large world economies..That give us some idea of the enormity of that crisis...With huge amounts of Monetary easing at a scale never seen before in history the GFC was contained to a very large recession rather than a Great Depression which could have been worse than the 1930-34 GD

    The problem with Huge monetary easing (manipulation) it takes a longer time to revert back to "normal"...One worrying long term effects is the various market's lack of automated direction due to Systems network communication disruption, that automatically controls and maintains checks and balances..Uncle Ben ex-FED knew these new super effective untried monetary policy tools had a limited life (3 to 4 years) before the market systems would become out of balance and create bubbles....Its been 9 years now..

    The S&P 500 (Wall St) is one effected market ..because of the system interupt (communication channels disrupt) Wall St is steaming onwards and upwards defying all Market checks and balances and Theories.

    The FA Guru Elites have been scratching their heads in dismay for some time now at the lack of market recorrections to restore balance to this chronic overvalued market....

    For the TAer it is normal business as usual as the medium/long term charts have continued (for years now) to say "no worries" just keep buying and accumulating....

    We now reached a point where investors now think this Market is the new "normal".. Joe and Jane Public are entering the market in droves..using the passive route (indexed fund managers and ETFs) and with the increasing Company growth and earnings investors are very happy and disassociate themselves away from the FA Doom Sayers.....DOW theory recognises this behaviour as a stage 3 Bull market...but..the masses now says the simplistic DOW is obsolete in this modern more complex world and they have moved on.

    Fundamentally speaking..The Market can stay "irrational" longer than the Fundamentist can stay "rational".....When the Fundamentalist can no longer stand the pain sitting on the sidelines and re-enters....the real fun begins....eh?
    Last edited by Hoop; 30-06-2017 at 11:40 AM.

  3. #1878
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    Apr 2007
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    A nice quote....."Don't worry when a bubble shows up. Only worry when a prick shows up"...

  4. #1879
    Senior Member
    Join Date
    Sep 2009
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    699

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    Quote Originally Posted by Hoop View Post
    A nice quote....."Don't worry when a bubble shows up. Only worry when a prick shows up"...
    Too true!Te he

  5. #1880
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    Apr 2007
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    Hamilton New Zealand.
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    Quote Originally Posted by Hoop View Post
    I'll get back to you Dela 47 when I have time..Probably off topic but somewhat related..(sort of)
    Have a look at my post here re: ETFs and other "passive" type managed funds

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