久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Make me your Homepage
left corner left corner
China Daily Website

Investment guru predicts full recovery by 2014

Updated: 2009-10-19 08:57
By Andrew Moody (China Daily)

Daryl Guppy, the Australian investment guru, believes it could be only four years before the world economy achieves a full recovery.

The 55-year-old, who makes regular appearances as a pundit on CNBC's Asia Squawk Box and is famed for his trademark walrus moustache, recently was on one of his many visits to Beijing.

He said that he believes the world economy will have put the Great Crash of 2008 firmly behind it by 2013 or 2014.

"It takes a long time to recover after losing lots of money and dissipating generations of wealth. Although the market itself may appear to be making major gains at the moment, that growth is not evident in the non-stock market economy, " he said.

Investment guru predicts full recovery by 2014

Guppy said the recovery this time will be quicker than with other financial calamities of the 20th century.

He said the Dow Jones Index did not again reach the highs of 1929, the year of the financial crash that led to the Great Depression, until 1954 -- a quarter of a century later.

Following "Black Monday" in 1987, when the world's stock markets went into free-fall, it was nearly a decade before NASDAQ began to hit new heights.

"Technology has had a significant effect on the speed of recoveries and the ease now with which capital can flow internationally to where it is needed, " Guppy said.

"In the old days, where you had dual-listed stocks on the London and Australian exchanges, it used to take four to five weeks for typical certificates to move between Melbourne and London. Now such processes are done in an instant," he said.

Guppy has just published a new book, The 36 Strategies of the Chinese for Financial Traders. It is the third of his 15 books to be translated into Chinese.

In the book, he applies the 36 Chinese political and military strategies derived from the famous text to trading in the modern environment.

Guppy said its purpose is to demonstrate, like the ancient work, that trading is not all about the blood of battle represented by the cut and thrust of daily trading, but the philosophical and psychological basis behind market activity.

"If you take a broader philosophical understanding of the market, it can help you recognize what is happening so you can develop better solutions," he said.

Guppy takes a particular interest in the Chinese markets and has been closely observing the Shanghai Composite Index, despite the exchange not being open to foreign investors.

He said he believes the current rally from its low last October of 1,664 points to 2,978 points on Oct 16 is far from a bear market rally He is confident that it will return to its 2007 level of 6,000 in the future.

"We are not going to get there today or the day after. I think also the speed of getting there is going to be steadier. And that means when it gets to that level, it is going to be more stable than last time," he noted.

Guppy is based in Darwin in the Northern Territories in Australia but spends several months a year in Beijing and Singapore.

He is founder and director of Guppytraders.com, an international financial market education and training organization.

By the charts

As well being a guest host on the CNBC Asia Squawk Box program, which provides live chart analysis of markets across the world, he also regularly appears on TV18 and Zee Business TV in India.

Guppy is what is known as a technical analyst, applying a "chartist" approach to analyzing markets.

This means he is more concerned about searching for trends in the graphs of markets and individual shares, rather than what causes them to go up and down.

"My basic assumption is that everyone in the markets knows a great deal more than I do. When people back their assumptions with money, my focus is on understanding that activity in the market, rather than understanding the reasons for that activity," Guppy said.

"If you look at charts you see certain patterns of behavior repeated, and it is up to me to take trading advantage of it."

Guppy does not have a conventional financial background and has never worked on a trading floor.

He studied politics and history at Le Trobe University in Victoria in Australia before becoming a teacher at a middle school for five years.

Investment guru predicts full recovery by 2014

He then headed off to the Australian Outback, relocating to the Northern Territories.

"I wanted to search for gold in the Outback, shoot crocodiles and ride wild horses," he said.

What he ended up doing was operating heavy machinery and building roads while his wife, Marion, continued teaching.

"I saved up enough money to buy my own machine and created my own company doing road building contracts," he said.

Having saved A$2,000 (US$1,807), he decided to invest in the stock market. Since all he knew was mining, Guppy bought A$2,000 of shares in Australia's Mount Isa Mines.

"I bought at 70 cents and then I see they have gone up to 140 cents. That is 100 per cent profit. Of course, living in the Outback, the newspaper I get is a week old. I then discover they have gone down to 60 cents, and I feel very stupid," he said.

However, he soon saw patterns emerging. He realized if he could understand these cycles and make purchases at key turning points, he could produce a major return.

Within a year, and by also trading other stocks, he managed to turn A$2,000 into A$100,000 (US $90,327).

"I was not aware of charting or technical analysis at the time. I just had an Apple computer and a spread sheet, and I used to record all the price details and produce weekly charts," he said.

Market behavior

"I actually linked trading to tracking animals in the Outback. Kangaroos will always come and drink water at 5 pm, so if you want to eat kangaroo you have to be at that spot at that time. You have to understand the behavior of markets to make the kill at the right time," Guppy said.

Guppy began writing books, the first of which was Share Trading. He became wealthy through his trading activity and by being a best-selling author.

The Australian is interested in Chinese investment behavior, too.

"Chinese investors are more traders than long-term investors, which are greater in number in Western markets, " he said.

Guppy believes there are dangers for China when the Shanghai market is finally opened up.

"If the market is opened up to Westerners too quickly, it will become overwhelmed by people who have more experience and a higher level of skill, which will be to the detriment of China. Money will be sucked out of China, as it was 100 or 200 years ago," he said.

Guppy's focus is making major returns out of his investments.

However, some argue that whether you are a trend analyst or a value investor, the best way to make money in stock markets is to back a selection of shares and keep them for 20 years.

The Australian guru said that approach does not work.

"If you did that, you would go broke. If you had 20 shares, you would find that 80 percent of them would have de-listed or gone broke," Guppy said.

"You have only got to look at the constituents of the major indexes over that period. Only a fifth of the stocks have survived. The rest are new," he said.

Meanwhile, Guppy is confident the world has moved out of the recession, even though very slowly.

"Technical analysis shows us that the market moves four to six months ahead of the real economy," he said.

The market already told us we moved out of the recession about three months ago. It will be nice to get that confirmed, but we already know it," Guppy said.

(China Daily 10/19/2009 page12)

8.03K
 
...
Hot Topics
Geng Jiasheng, 54, a national master technician in the manufacturing industry, is busy working on improvements for a new removable environmental protection toilet, a project he has been devoted to since last year.
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    一区二区在线观看视频| 亚洲最新视频在线观看| 日韩av一区二区三区| 欧美日韩国产一区| 日本成人中文字幕| 日韩欧美中文一区| 激情综合五月天| 日韩视频在线一区二区| 久久99精品久久只有精品| 久久综合九色综合97_久久久| 久久成人免费网| 久久久久久97三级| www.亚洲精品| 一区二区三区成人| 91麻豆精品久久久久蜜臀| 久久精品国产99久久6| 久久久精品国产免费观看同学| 成人永久免费视频| 亚洲国产精品黑人久久久| 99久久亚洲一区二区三区青草| 亚洲精品国产高清久久伦理二区| 欧美性做爰猛烈叫床潮| 蜜桃av噜噜一区| 精品日韩一区二区三区| 成人免费视频免费观看| 一级精品视频在线观看宜春院| 欧美一区二区在线观看| 国产一区二区三区四区五区美女| 国产精品久久久久国产精品日日| 91高清视频免费看| 亚洲3atv精品一区二区三区| 久久久久久9999| 欧美制服丝袜第一页| 国产一区二三区好的| 亚洲精品日日夜夜| 精品国产免费人成电影在线观看四季| 97久久超碰精品国产| 久久精品国产**网站演员| 国产精品的网站| 欧美一级理论片| 91视频你懂的| 精品一区二区三区影院在线午夜| 怡红院av一区二区三区| 久久精品一区二区三区不卡| 欧美丝袜丝交足nylons| 国产成人av电影在线观看| 肉色丝袜一区二区| 国产精品伦理在线| 日韩欧美一级精品久久| 色8久久人人97超碰香蕉987| 国产毛片一区二区| 水野朝阳av一区二区三区| 自拍偷拍亚洲综合| 久久婷婷综合激情| 欧美日韩一二区| av电影在线不卡| 国产一区二区不卡在线| 日韩成人一区二区| 亚洲欧美综合在线精品| 久久蜜臀中文字幕| 制服.丝袜.亚洲.另类.中文| 91女人视频在线观看| 日韩亚洲欧美一区二区三区| www.色精品| 国产尤物一区二区在线| 日韩二区在线观看| 一区二区成人在线| 国产精品久久久久久久久晋中 | 91在线视频观看| 激情偷乱视频一区二区三区| 偷窥少妇高潮呻吟av久久免费| 日韩毛片在线免费观看| 欧美国产日韩在线观看| 久久综合久久久久88| 日韩一区二区三区视频在线观看| 欧美亚洲自拍偷拍| thepron国产精品| 国产精品亚洲专一区二区三区| 青草国产精品久久久久久| 亚洲线精品一区二区三区 | 亚洲视频免费观看| 国产亚洲污的网站| 精品99一区二区三区| 欧美一卡2卡三卡4卡5免费| 欧美日韩免费视频| 欧美亚洲综合网| 91黄色在线观看| 色综合久久久久综合体桃花网| www.久久久久久久久| 成人成人成人在线视频| 东方aⅴ免费观看久久av| 国产一区二区不卡| 精品一区精品二区高清| 久久精品久久久精品美女| 蜜桃91丨九色丨蝌蚪91桃色| 免费观看成人鲁鲁鲁鲁鲁视频| 视频一区免费在线观看| 天天影视涩香欲综合网| 五月激情综合婷婷| 日韩国产高清在线| 热久久久久久久| 免费视频最近日韩| 久久精品国产第一区二区三区| 麻豆一区二区三| 久久激五月天综合精品| 精品一区二区三区视频在线观看| 狠狠色综合日日| 国产乱码精品一品二品| 国产精品资源在线看| 国产不卡免费视频| av成人动漫在线观看| 91浏览器在线视频| 欧美日韩中文一区| 91精品国产色综合久久久蜜香臀| 日韩一区二区三区在线观看| 精品国产自在久精品国产| 久久一区二区三区国产精品| 亚洲国产精品ⅴa在线观看| 国产精品久久三区| 一区二区三区日韩欧美| 亚洲成av人影院| 毛片一区二区三区| 国产乱码精品一区二区三区忘忧草| 国产aⅴ综合色| 97se亚洲国产综合在线| 91美女在线视频| 欧美日韩精品一区二区三区四区| 欧美一区在线视频| 久久精品人人爽人人爽| 国产精品久久三| 亚洲国产日韩a在线播放性色| 日本午夜精品一区二区三区电影 | 欧美日韩一区成人| 日韩一级免费一区| 久久精品视频网| 亚洲激情综合网| 丝袜亚洲另类丝袜在线| 激情五月婷婷综合| 99re6这里只有精品视频在线观看| 欧美日韩亚洲另类| 亚洲精品一区二区在线观看| 国产精品久久看| 午夜国产精品影院在线观看| 精品一区二区三区在线观看| 99免费精品在线| 51精品视频一区二区三区| 久久这里只有精品首页| 亚洲免费观看高清| 喷水一区二区三区| www.一区二区| 91精品国产福利在线观看| 国产蜜臀av在线一区二区三区| 一区二区三区欧美在线观看| 久久爱另类一区二区小说| 91在线视频播放地址| 欧美一区二区三区在线观看 | 亚洲国产岛国毛片在线| 亚洲国产精品久久艾草纯爱| 国产一区在线不卡| 欧美影视一区二区三区| 久久一区二区三区四区| 一区二区三区蜜桃网| 国产在线精品一区二区不卡了| 一本大道av一区二区在线播放| 日韩欧美国产一区在线观看| 自拍av一区二区三区| 乱中年女人伦av一区二区| 色悠悠久久综合| 亚洲精品一区二区三区99| 一区二区三区四区在线| 国产一区亚洲一区| 欧美日本一区二区三区四区 | 午夜视频在线观看一区二区| 国产高清不卡一区二区| 欧美日韩三级在线| 国产精品你懂的在线| 美女尤物国产一区| 91久久精品一区二区三| 久久久久高清精品| 日韩国产高清影视| 日本韩国欧美在线| 国产日韩欧美在线一区| 日本美女一区二区三区| 日本高清不卡视频| 欧美韩日一区二区三区四区| 免费在线观看一区二区三区| 91久久国产综合久久| 欧美极品aⅴ影院| 蜜臀a∨国产成人精品| 欧美主播一区二区三区美女| 国产农村妇女精品| 激情综合网天天干| 欧美福利一区二区| 一区二区三国产精华液| 成人黄色片在线观看| 久久婷婷国产综合精品青草| 日韩vs国产vs欧美| 欧美三级电影在线观看| 亚洲码国产岛国毛片在线| 成人激情动漫在线观看|