Australian (ASX) Stock Market Forum

*Good News Only Thread - Stocks & Shares*

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"Shiver me timbers"! I look around and see Australia:aus: has a bright and great future. Lots of people are turning their investments into cash due to fear, and no matter what the price, "what silly Billies".

Remain calm and see the advantages for so many companies as the Aussie falls to AU$0.62 to the greenback.
 
The Dow is 494 points up as Barack Obama names Timothy Geithner as Head of the Federal Reserve Bank.

Not sure why every one appears depressed at the markets that have been driven down by the supposed desperate news. I've continued buying stocks and remain optimistic and reached on Friday, a position of 30% invested in shares, the highest my own rules allow me to be.

I'm not sure who's cashing in at these levels?
 
Boom town rats in London with all major stocks, including Banks and miners way up.
BHP up 22%, Anglo American up 23%, Vedanta up 12%, Xstrata up 23%.
 
It does seem as if the bad news is not as bad as it was before. That is, we seem to be running out of bad enough news in the mining sector. So, even though the news is and will continue bad, and may be very bad, it's not quite so very bad.
If you have descended to the bottom of a hole, you can descend no further. Thus, it's bad news being at the bottom of the hole and you may have a sore head, at least you can sit there suffering quietly in the knowledge it is only up from here.
 
Only good news around now is the prospect of very low interest rates indeed. If commodity prices continue to fall at a great pace, then Aussie rates may hit zero this year.

What good news then? Once again the reminder that dividends on the ASX200 will eventually be well above interest rates. This situation may then see stocks, overall, as a cheap option.
 
The Dow is up over 200 points in the States and Monday should point to a healthy rise in the ASX.

Good news or not, probably good. Europe is in disarray as French President Nicolas Sarkozy has a go at UK Prime Minister Gordon Brown. Seems he's doing it all wrong reducing tax and giveaways. UK says it was in French and the true meaning was lost in translation. UK would like all of Europe to speak English and the French want all written word in their language.

Germany supports France, so now each other country will take sides and maybe there will be a good old bust up.
 
i'd say the good news is the dow didnt tank like it often does severely after a couple of rises.
maybe it will tank when the bad bank bill is passed.
i wonder how long this bear rally will last if u can call it that....
i guess the other good news is if this bad bank plan actually works sort of quickish in the states, then maybe they can get the same fellas to crack fusion, cancer, arthritis etc next....
 
Is there any good news? For the thoughtful and brave there certainly is. Once companies that have purchased coal, iron ore etc., at high prices, have run through these stocks, they will rebuild these stocks very cheaply indeed. This will suddenly reduce prices and the fall will be dramatic.

How you position yourself in markets is completely up to you. The opportunities are not unique as we have been here before and always survived despite the doom and gloom.
 
noirua said:
Remain calm and see the advantages for so many companies as the Aussie falls to AU$0.62 to the greenback.
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Higher returns for Australian exporters per unit.:)

Higher costs for imports:(
Products are bought from China in USD's. :(
However some of these products will be made in Australia once again:) :)
 
Plenty of good news around for non gloom and doomers. Currently there are plenty of share purchase plans around for those long term holders. Time to get involved if you can.

WES offered at $13.50, today $17.50.......kerchinck!

WBC offered at at $16 wound down to $15.24 and now $16.87.....kerchinck!

CBA offered at $26 todays price $28.61................kerchinck!

next

IAG.......offered at $3 but wait we still have time. Current price $3.22

Plenty of opportunities to make money if you keep your wits about you. Good luck all.:)
 
Bill M said:
IAG.......offered at $3 but wait we still have time. Current price $3.22

Plenty of opportunities to make money if you keep your wits about you. Good luck all.:)
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This ones in the bag too now, closed at $3.39 yesterday. What's next.... plenty of hybrids around trading under their face value that need to be bought back by the parent company soon, may be worth a look, so many bargains right now.
 
What's going on noirua? Haven't heard from you in a while, you ok? Still about? Thought there would be plenty of good news about... Markets up 55% from it's lows and my bank shares have doubled and we didn't get a recession. Gold has shot up over a $1,000 USD as well:eek:
 
nunthewiser said:
Well done Bill ............ right there in black and white , no hindsight to it
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Thanks mate, and in all honesty I have in the last 2 weeks sold out of half of all my stocks to finance a property purchase. This was more a lifestyle choice rather than financial but it could quite end up to my financial benefit if the market capitulates, cheers.
 
Good news as the NYSE tries once again to breakout of this false bear market. Look at most stock market indexes and they're lower than the 9 - 11 year low points - "ARE STOCKS CHEAP AS CHIPS???", I whisper loudly, "I heard the little bell ring today, I believe markets are about to rocket".
 
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