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I wouldn't bet on this being the bottom.
Time will tell.
Time will tell.
ASX200 continues to inch it's way up. Surely it can't keep going too long. We're not going to get another bull market so better it crashes and we start again I reckon.
Wilson Asset Management still pretty negative about outlook. I'm guessing they're championing their Investors cause and their own bottom line:
"Wilson Asset Management chairman Geoff Wilson says Labor’s proposed changes to dividend imputation laws will worsen the effects of a looming bear market in equities ....... We believe Shorten and Bowen’s plans will have dramatic implications for the equity and property markets, resulting in the first economic recession in Australia for 27 years.”
https://wilsonassetmanagement.com.a...-labors-dividend-plan-will-worsen-correction/
Seems a bit dramatic.
Wilson Asset Management still pretty negative about outlook. I'm guessing they're championing their Investors cause and their own bottom line:
"Wilson Asset Management chairman Geoff Wilson says Labor’s proposed changes to dividend imputation laws will worsen the effects of a looming bear market in equities ....... We believe Shorten and Bowen’s plans will have dramatic implications for the equity and property markets, resulting in the first economic recession in Australia for 27 years.”
https://wilsonassetmanagement.com.a...-labors-dividend-plan-will-worsen-correction/
Seems a bit dramatic.
Seems like a manipulation attempt to attain some cheap stocks to me.Wilson Asset Management still pretty negative about outlook. I'm guessing they're championing their Investors cause and their own bottom line:
"Wilson Asset Management chairman Geoff Wilson says Labor’s proposed changes to dividend imputation laws will worsen the effects of a looming bear market in equities ....... We believe Shorten and Bowen’s plans will have dramatic implications for the equity and property markets, resulting in the first economic recession in Australia for 27 years.”
https://wilsonassetmanagement.com.a...-labors-dividend-plan-will-worsen-correction/
Seems a bit dramatic.
Seems like a manipulation attempt to attain some cheap stocks to me.
Hell, I'll sprout anti-Labor theories to score a decent dip anytime
PS, the election results are expected around the same time as the ASX opens today.
So am I. I don't know too many investors who can cash in their franking credits so IMO the number of people affected just isn't big enough to break the economy. Most people don't even know what franking credits are.I first heard them saying that this is the start of the next bear market, back when that correction occurred a month ago. Now they've upped the anti to a full blown recession.
I'd prefer it, but I'm skeptical.
PS, the election results are expected around the same time as the ASX opens today.
Very little. But the opposite result against the odds might have had a volatile affect like last time.So what effect would Democrat control of the HReps have on the Dow do you think (if it happens) ?
I would have thought the changes to negative gearing and CGT, would have greater ramifications. The changes to Div Imp, will just reduce the amount of retirees in the market. IMOI can understand the thinking that a Labor Gov might worsen things, but drawing the link between changes to the Div Imp system and a Recession seems far fetched.
Spending and Production aren't likely to plummet due to Div Imp changes Ida thought.
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