Australian (ASX) Stock Market Forum

*Good News Only Thread - Stocks & Shares*

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That's the worst news ever.

I'm about to head overseas...i dont want to hear this crap about a falling dollar!
 
noirua said:
Further good news as the Aussie starts to tank. Exchange tate now A$1.09 to the US$1.00 in London, and A$2.13 to th £1, spot prices by Foremost Group.
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Closed in London at AUS$2.1341 to the £1.00 and AUS$1.0922 to the US$1.00. Smiles round the mining and export community. Oil price picks up in the US.
The UK FTSE is up 2.52% at the close and the US DOW 30 up 1.9%.
 
In the early 1900s Australia, per person, was one of the richest countries in the world. Now in the early part of the 2,000s it is to repeat itself. Do not be left behind!
 
Exellent upbeat news from BHP in terms of profits and confidence in commodities going forward.
 
Hello,

MAH announced today record profit. Increase in dividend to record high. Growth for 09 to be high end of 20% . Increase in offer price for Ausdrill.

Will be interesting to see market reaction. Not expecting to see much lift due to overall market sentiment at this time.

Did try to break $1.70 last week before falling away, hope based on results will knock on the door of that level again in next month or so.

Regards
 
Further great news for Australian coal exports. Shenua Energy are to spend US$19 billion on new coal plants.
A new coal-fired plant will open in the Northern Province next year. The plant will require 60 million tonnes per annum of thermal, PCI and semi-soft coking coal.
 
Interest rates are lowered 0.25% and will fall further, now that Kevin Rudd & Co have come to their senses, at last. The Aussie$ should settle around AUS$1.30 - AUS$$1.40 to the Greenback, and this makes perfect sense as interest rates fall to 6.5% by the years end. From there, we will see a gradual fall to 5% in 2009.
 
The tanking Aussie is wonderful news for Australia's two speed economy. A further fall to AU$1.30 to the Greenback will improve returns in a falling price commodity exporting market, and reduce the price for other exports in foreign currency terms.
Overall, not a worry in the world for :aus:
 
The Reserve Bank says "don't splurge". As if a quarter point rate cut matters that much. If you want to have a little splurge, go-ahead and have one.

Good news is there are some more cuts coming as they took rates up too far. That made the Aussie$ strong and it nearly went par to the greenback.

Now it's good news as rates move over AU$1.20 and find a true rate in the AU$1.30 - AU$1.40 ball park as commonsense returns.

The Aussie two-speed economy will continue onwards and drag up weaker sectors in its wake.:aus:
 
Don't be sad and just remember, once again, Australia's position in the world. Thank goodness Europe and America and all their problems are far away.:aus:
Australia is increasingly truly Asian with increasing Chinese and even Indian connections.:aus:
Yes, ignore much, if not all of what you hear. The weaker Aussie$ will give a mountain of help, especially the commodity exporting sector. State revenues and royalties from coal will rocket in the next few years.
Be happy:aus:
 
Good grief! Good grief! Good grief! Good grief!

Yes indeed, yes indeed, yes indeed, yes indeed, yes indeed, yes indeed.

Depression breeds even more depression, depression, depression, depression, depression, depression...

I'm not having any of that, Australia will not have a depression, Australia will not have a depression, Australia will not have a depression...:aus::aus::aus::aus:
 
Good news everywhere for those religiously following this thread. No financial stocks and 70% to 80% in cash or short term fixed interest. Not a problem I hear you say.

Australia is something special, if we take a lofty point of view: If we don't, they appear personal or of town proportions and they are really a country wide matter.

Remember, REMEMBER, the west is far away, another land. This is the area of Asia and the Far East. Trade will be more and more with China and other Asian countries. "Europe, America, Africa..." Where the hell are they?

So remember the two speed economy is solidly in place. Prices of exported coal, iron ore etc., may well have fallen, BUT in Aussie$ terms the fall is far less and coal is near its AU$ peak.

Interest rates will fall faster in Australia than expected and whilst parts of the world reel in agony. Remember alway, but always, fly the :aus::aus::aus::aus::aus: - yes all five.
 
Hooray! The Lloyds TSB takeover has been completed, £12.2bn (AU$28bn). UK footsie is up 81.2 about 5 minutes ago and markets look quite stable.

Aussie is stronger against the greenback at AU$1.24. Brent crude at US$90.04 and gold at US$813.
 
...and the good news just keeps piling in. After a speech by George Bush, the Dow ended 430 points up. The UK avoided a disaster because Lloyds TSB took over HBOS.

Now commonsense should prevail and yes, I think I heard, yes, "the little bell rang tonight, in good old New York".
 
noirua said:
...and the good news just keeps piling in. After a speech by George Bush, the Dow ended 430 points up. The UK avoided a disaster because Lloyds TSB took over HBOS.

Now commonsense should prevail and yes, I think I heard, yes, "the little bell rang tonight, in good old New York".
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I am a relative newcomer to this forum (but not to the sharemarket) and I was considering opening a thread titled Optimism versus Pessimism, and then I thought your thread would fit the bill, and supporters seem scarce.

Last week I blundered on to home site of the pessimists. It was as if I had come across a nest of fireants in my garden. They thought I was being critical of them and after receiving a lecture from their leader unk they came swarming out of their nests shouting their mantra "good post unk" and spraying their venom to repel the dissident intruder.

I was surprised to find such a thriving colony of doom cult followers in a Stock Forum. There is an antidote to their venom and it's called optimism. This word to them is like a red rag to a bull. I would encourage other optimists to take them on, before they infiltrate too many othes sites.

You know noirua, and the majority of posters know that without optimism a stock forum could not exist and we optimists must save it.
 
Calliope said:
You know noirua, and the majority of posters know that without optimism a stock forum could not exist and we optimists must save it.
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Yes indeed, so many websites and forums disappeared after the dot-com crash and the general bear market that followed it. Fortunately ASF has a lot more going for it than just stocks and shares. So there are other things to do here during the leaner times.

Hopefully those who have not voted yet at: http://www.thebull.com.au/the_stockies/forums.html
are about to do so.
 
noirua said:
Good news romps in as the UK Footsie jumps 6.7% in early trading, following the US plan to mop up toxic mortgage debt.


Have you voted yet at http://www.thebull.com.au/the_stockies/forums.html
You're going to vote for Aussie Stock Forums, that's good news as well - great*****
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footsie now up 8.5% after 9.7%. By the way. Have you put in your much needed vote at the above link. Your a *
 
Good news, yes, but not as greater news as some think. So, volatility looks like continuing but remain happy on those down days.

While you wait for Monday you can pop over to this ural, if you like http://www.thebull.com.au/the_stockies/forums.html
A vote for "Aussie Stock Forums" would be in order and make our day, thanks

2% points behind still, shucks.
 
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