Charting the Crash
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theasxgorilla
Problem solved... next bubble.
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Is anybody still, 'Charting the Crash'???
theasxgorilla
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What crash?
Touche'...Elliott Wave A & B:
"During the A wave of a bear market, the investment world is generally convinced that this reaction is just a pullback pursuant to the next leg of advance. The public surges to the buy side despite the first really technically damaging cracks in individual stock patterns." The B-wave rallies that follow exhibit "aggressive euphoria and denial."
I'm just the messenger...based on the lack of posting along these lines recently I expect I'm about as uncertain as everyone else.
wayneL
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Just dusting off this thread.... just in case.
Sean K
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No cartoon?Just dusting off this thread.... just in case.
wayneL
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Well... we have been 300 down on the Dow...No cartoon?
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theasxgorilla
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It's happening...
wayneL
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IB Bulletin just received:
I think the poo might just hit the propeller.
This is the first time I've ever got a bulletin like this from IB.
I think the poo might just hit the propeller.
wayneL
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No quotes on SYCOM?
Anyone know what's happening there
Anyone know what's happening there
theasxgorilla
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wayneL
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SYdney
Composite
Overnight
Market
It's the overnight SPI.
Qoutes back up and just printed 6070 -261
wayneL
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Dow just ticked over 400 down.
SPI bids at 6021
SPI bids at 6021
theasxgorilla
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Plunge Protection Team anyone, about now?
theasxgorilla
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I think they're on an extended summer vacation...oops, bad timing guys.
wayneL
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Yes I think they've been trying, but are getting overwhelmed at the moment.
IMO
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In some markets it has been just that little shove that has tipped them over the edge. The UK Footsie 100 Index finished down 203.1 points ( 3.15%) at 6251.2.
Recent floods have concerned the insurance sector and worries over inflated prices in the new Flat (appartment) sector has caused a very sudden reversal in property prices. The mining sector has taken a bit of a drubbing as virtually every stock in every sector declined.
Is it the case that the boom is over or is it just another sharp Annual reversal?
Watch China and Asia as markets open today!
Recent floods have concerned the insurance sector and worries over inflated prices in the new Flat (appartment) sector has caused a very sudden reversal in property prices. The mining sector has taken a bit of a drubbing as virtually every stock in every sector declined.
Is it the case that the boom is over or is it just another sharp Annual reversal?
Watch China and Asia as markets open today!
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Is Bill Gross a prophet or just stating the obvious? Quite a bit to go if he is to be proven correct.
The problem for Australia is that if this correction get's legs then under the new super rules withdrawals are tax free. A run on super funds = selling the biggest asset they have eg shares = share market goes down = more redemptions= etc etc a vicious spiral down.
Something about all the eggs in the one basket?
Short everything, long gold?
-----------------------------------------------
It's started already - denial!
SAN FRANCISCO (MarketWatch) -- Outflows in U.S. mutual funds on Tuesday hit an estimated $5.5 billion, according to TrimTabs Investment Research.
That would amount to the second-biggest outflow of the year, according to the data tracking firm. Only a $6.5 billion outflow on Feb. 27 was greater.
"Fear and ignorance seem to be gripping retail investors these days," said Charles Biderman, chief executive of Santa Rosa, Calif.-based TrimTabs on Thursday, pointing to ongoing concerns about subprime lending and slumping housing markets.
"There's no credit risk; no bank is going to lose money on this subprime fear," he added. "Income-tax collections are strong, and you don't have a housing collapse when wage income and job growth are surging."
Biderman said that Tuesday's outflows seem to have trickled into Wednesday, although final estimates won't' be available until later in the week.
"This is a complete panic by individual investors," he commented. "They just don't know what's going on."
During the past five trading days, U.S. equity funds lost an estimated $7.6 billion. By contrast, the biggest down day of the year in February came after Chinese stocks plunged 9% in a day on fears of rising inflation.
The TrimTabs chief is advising that investors take lower pricing in stocks as an opportunity to buy more of their favorite mutual funds. "Credit markets have been lending outrageous sums on very favorable terms. But it's not like they're stopping completely. They're just slowing down," Biderman said.
"Companies will continue to buy other companies. Any belief that credit-market turbulence spells the end to this year's bull market is ridiculous."
The problem for Australia is that if this correction get's legs then under the new super rules withdrawals are tax free. A run on super funds = selling the biggest asset they have eg shares = share market goes down = more redemptions= etc etc a vicious spiral down.
Something about all the eggs in the one basket?
Short everything, long gold?
-----------------------------------------------
It's started already - denial!
SAN FRANCISCO (MarketWatch) -- Outflows in U.S. mutual funds on Tuesday hit an estimated $5.5 billion, according to TrimTabs Investment Research.
That would amount to the second-biggest outflow of the year, according to the data tracking firm. Only a $6.5 billion outflow on Feb. 27 was greater.
"Fear and ignorance seem to be gripping retail investors these days," said Charles Biderman, chief executive of Santa Rosa, Calif.-based TrimTabs on Thursday, pointing to ongoing concerns about subprime lending and slumping housing markets.
"There's no credit risk; no bank is going to lose money on this subprime fear," he added. "Income-tax collections are strong, and you don't have a housing collapse when wage income and job growth are surging."
Biderman said that Tuesday's outflows seem to have trickled into Wednesday, although final estimates won't' be available until later in the week.
"This is a complete panic by individual investors," he commented. "They just don't know what's going on."
During the past five trading days, U.S. equity funds lost an estimated $7.6 billion. By contrast, the biggest down day of the year in February came after Chinese stocks plunged 9% in a day on fears of rising inflation.
The TrimTabs chief is advising that investors take lower pricing in stocks as an opportunity to buy more of their favorite mutual funds. "Credit markets have been lending outrageous sums on very favorable terms. But it's not like they're stopping completely. They're just slowing down," Biderman said.
"Companies will continue to buy other companies. Any belief that credit-market turbulence spells the end to this year's bull market is ridiculous."
chops_a_must
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Is this usually accurate for open?Dow just ticked over 400 down.
SPI bids at 6021
Just as well I don't care about money, and can laugh.
What gets me is in the ASX, financials have been one of the strongest sectors. This problem, appears to be a purely financially related one. Yet, people have been walking into the danger zone for safety.
Just more proof orrstralians are dumber than most. lol!Similar threads
