Great day to deploy capital :-)

[nomore4s]

So anyone else buying the gap down and into the morning panic ?

I will be on the futures if the open plays out like I expect it too, which of course means it won't

 

[ROE]

I been bore lately now time to get busy ...Bargain start to show up again

 

[alexc2005]

the real question is... is this the low?

Or are you all going to deploy capital just for it to get lower?

I'm a bit scared to buy now... not a good time to be afraid though. Need to see it as an opportunity. But its kindof hard when im down 12% on opening.. ouch.

 

[Logique]

The late sell off in our market yesterday afternoon, and overnight in the US, has me suspicious of news leaks in the US. Need to see how the Friday night US action runs.

But yes, I'm busy scrutinizing some precious metals and REE plays, no question about it. Clouds and silver linings.

 

[skyQuake]

I will be on the futures if the open plays out like I expect it too, which of course means it won't

Not enough stop losses selling/margin calls/retail panic on the SPI to make it worthwhile imo.
Plenty of stocks (esp the favourites) that opened low, got force liquidated, then bounced hard.
SPI is just too fat

 

[skc]

Not enough stop losses selling/margin calls/retail panic on the SPI to make it worthwhile imo.
Plenty of stocks (esp the favourites) that opened low, got force liquidated, then bounced hard.
SPI is just too fat

Plenty of those indeed, but none that I was watching!!!

My 3 screen of 0.5m pixels just not big enough to see everything...

Haven't had this kind of action for a long time...

 

[robusta]

the real question is... is this the low?

Or are you all going to deploy capital just for it to get lower?

I'm a bit scared to buy now... not a good time to be afraid though. Need to see it as an opportunity. But its kindof hard when im down 12% on opening.. ouch.

Yep hard to resist going "all in" for my. I have decided to watch the news and only buy one company a day. If you can pick the low good luck to you.

 

[wayneL]

I been bore lately now time to get busy ...Bargain start to show up again

Define 'bargain'.

 

[ROE]

I spent 52K shopping today..

Still got more ammunition when the time comes...

I just top up the usual suspect CCP and TGA

 

[So_Cynical]

Define 'bargain'.

Buying stocks with a very high potential for profit because there are holders panic selling.

 

[Uncle Festivus]

I spent 52K shopping today..

Still got more ammunition when the time comes...

I just top up the usual suspect CCP and TGA

I hope it wasn't shares??

WASHINGTON (MarketWatch) ”” The United States late Friday lost its triple-A debt rating from Standard & Poor’s for the first time in history, with the credit-rating agency saying the political system of the world’s top economy has become less stable and that budget cutting announced earlier this week didn’t go far enough.

S&P lowered its rating on the U.S. by a notch to AA+ and, to compound the embarrassment, said the outlook is negative as well, as it threatened another reduction in two years.

The cost of credit just went up, the interest bill on $15Trillion of US debt just went up.

Hardly the climate for the next bull market from here?

 

[wayneL]

Buying stocks with a very high potential for profit because there are holders panic selling.

So nothing to do with 'value'?

 

[cynic]

The cost of credit just went up, the interest bill on $15Trillion of US debt just went up.

Hardly the climate for the next bull market from here?

Well knowing our good friend Benny, armed with a recently increased credit limit, I sense a quantitive easing in the works (unless of course they've miraculously learnt from their previous follies).

 

[skc]

I hope it wasn't shares??

The cost of credit just went up, the interest bill on $15Trillion of US debt just went up.

Hardly the climate for the next bull market from here?

That's the trillion dollar question. Will the interest bill actually go up?

Logic says it will and should, but we saw US treasuries yield fell over the last week as one of the sources of the troube is still perceived as safe haven.

To me it's 50/50 what happens from here on which spells volatility. Unless of course the Chinese stop buying US bonds... then all bets are off.

 

[Gringotts Bank]

Good day to deploy capital. Should be at least another 100-200 points in this rally.

 

[robz7777]

Good day to deploy capital. Should be at least another 100-200 points in this rally.

Why?

 

[skc]

Good day to deploy capital. Should be at least another 100-200 points in this rally.

Unless Dexia blows up tonight...

 

[McLovin]

Unless Dexia blows up tonight...

Even more worrying...

There are three phrases the market never wants to hear. Ever. They are "contingency", "just in case", and "only." Alas, it just got all three of them in an article just released by French Le Figaro which, per Bloomberg, has disclosed that "France has been working for a number of days on a plan that would allow the state to take a stake in the country’s financial institutions if needed, Le Figaro reports, citing a source. The plan, the article continues, is being prepared “just in case” it’s needed and only 2 or 3 banks may be affected under plan." So, let's get this straight: France has scrambled to put together a nationalization plan to bail out just "2 or 3" banks, "if needed"... Uhhh, all we can say to this is, LEEEEEEEROOYYYYYYY JENKINS.

http://www.zerohedge.com/news/le-fi...y-just-case-nationalization-plan-2-or-3-banks

Dexia is toast. I can't believe they have lasted as long as they have, ~EUR560bln in assets and ~EUR7bln in tangible equity (a further haircut on their Greece or Italian debt should wipe that out). The worst bit out of this whole Dexia thing, is the ECB "stress tested" Dexia 3 months ago and gave them a clean bill of health. How many other European banks are dead men walking?

 

[Gringotts Bank]

Why?

A +3% day and channel breakout on the Ords.

 

[robusta]

A +3% day and channel breakout on the Ords.

Just my opinion but yesterday would have been a better day.