Quote from ASusilovic:
Simple answer from my side :
when pain has reached a peak, it´s time to get back into markets. Not calling for a bottom. People have now realized that they have to adapt to the situation. And the first signs are not be overseen :
1) With disposable incomes rising faster than spending, the personal savings rate rose to 5%, the highest since March 1995. At an annual rate, personal savings rose to a record $545.5 billion.
2) U.S. Jan. consumer credit up $1.76 billion
U.S. Jan. consumer credit up at 0.8% rate
U.S. Jan consumer credit up after 3 months of sharp declines
3) ECB´s Stark said there are signs of improvement in money markets, noting that banks are borrowing less money from the ECB in its refinancing operations and that fewer institutions are participating in them.
4) Read this investor letter from a "frightened" hedge fund manager :
BEST BUYING SIGNAL EVER !
Absolute suicide watch
http://ftalphaville.ft.com/blog/2009/03/05/53238/absolute-suicide-watch/
I love to see PANIC in hedgefund manager´s eyes ! LOL !!!!![]()
![]()
![]()
Best buying signal EVER....
Absolute suicide watch
Posted by Paul Murphy on Mar 05 10:10.
Weâre thinking of placing certain members of the alternative investment community under special supervision.
Take Niels C Jensen, one of eight leading lights at Absolute Return Partners. He introduces the latest monthly Absolute Return Letter thus:
http://ftalphaville.ft.com/blog/2009/03/05/53238/absolute-suicide-watch/