How many members are jumping ship today?

[coolcricket]

Ouch, that was a tough day.
C'mon the DOW rally.

 

[ithatheekret]

What are the US futures pointing to is next , more red and a miraculous comeback for tonight . Just had CPI which rattled them a tad , but Tuesday has the building number data , any negative news will see red , anything postive or polished upto be will ensure a participation push .

Or will it be more red ? hopefully not scarlet .

Last couple of weeks trading , not many shiny windows yet , all the curtains are drawn . The rate cuts , well the market had forget it will directed at them , but as a saviour for the banks as phase #1 fails . It won't help the homeowner at all . There is still more m/bad news to come out of US and UK financials too .
That will more than likely force the Fed against the grain and move back into disinflationary theory , whoopsie # .... lost track .

What to whip away deflation , or to tempt hyperinflation , tagging it the lesser evil . Data says we would expect a hike , but US economics have lost the economic plot at a faster growing rate than the money supply CPI , PPI and that of the UK's ....... ALL AT ONCE .

So any bets ? The market thinks a pause , I think the further unfolding in financials will force either at .15 or .25 basis point cut , as a preemptive , to a fall to another 50 basis if chit hits the fan .
Unfortunately the US has a BIG fan , so we'd cop a spray or two.

 

[numbercruncher]

So much for the "decoupling" theory hey

 

[chops_a_must]

So much for the "decoupling" theory hey

I was actually going to post on the other thread that we aren't decoupling, but we are ahead of the curve. The US markets seem to be the only ones not currently living in reality! Might be a long night tonight I think.

 

[numbercruncher]

Yes and Morgan Stanley is scheduled to report results on Wednesday and Bear Stearns on Thursday, is that a nose bleed i feel coming on ?

 

[DionM]

Dammit and blast. Things were going so well only a month ago.

Down only a little overall, but that's only thanks to to some massive gains in a few particular stocks offsetting some massive losses in others.

How effing close to Xmas do we have to wait for this santa rally :

Still, I'm staying put. Looking for oppies to offload a few stocks, but most I am planning to hold onto. Would love to top up a few actually, but need to sell those few stocks ... but it would be at a loss ... not keen on that course of action as it would selling at a loss for no reason.

 

[adobee]

Just pondering a question...if the Dow continues to drop, which areas of the market will be most affected?

I am considering selling most of my stocks but would it be worthwhile (in your own opinions of course ) holding onto something like CVN (my largest holding), or will smaller stocks like these cop a beating as well?

For the record I own:

ANG
BHP
CVI
CVN
FMG
OXR

(A resource man who tried to avoid the Credit Crunch...wow that really worked for me LOL)

Which of these do you guys think will be affected greatest/least?

I think most of the miners will cop it if the dow continues to drop.. buy resmed.. RMD if you think it will keep dropping the only time it goes up is when the rest of the market is sh*&ting itself..

 

[Rainmaker2000]

Looks like the storm is upon us the week before Christmas, or is it, statistically this would be very unusual but it is due........

Some stocks got absolutely smashed today......watch all the retirees heading for the dole queue over Centro saying, "but I thought super companies only invested in 'safe' bricks and mortar".....

One of my favs Just Group has been smashed last few days and hope it gets more under water.

Even though I gave back around 5k today, I'm very pleased with my holdings and hope the market burns, burns, burns......cause when the corrections on, nothing is safe

Imagine how much Aussie residential housing went down today.....it would be a lot but its not traded daily of course....

 

[shaunm]

Ouch! What I thought was a good price for my pick ups today went lower.
I'm praying for a bounce very soon.:engel:

 

[jovialTrader]

Buy ...buy ....buy specs ... avoid blue chips

 

[prawn_86]

And why is that Jovial?

Specs will get harder than blue chips if the market keeps falling

 

[tronic72]

And why is that Jovial?

Specs will get harder than blue chips if the market keeps falling

I second that! What the heck you talking about? Now IS the time to be buying Bluechips. (Just look at SDL over the past week).

Just keep away from miners, property trusts, banks, Energy & Telcos. Apart from that, there's at least 7 stocks to pick from after todays drops

 

[Nyden]

Still holding...very painfully - I'm telling you though; I'm slowly being burnt enough to grow bear fur!

Sigh, doesn't look like Santa is coming to the party, does it

 

[shinobi346]

I'm seriously considering clearing out my stocks of those tied with the US. One I've already sold down to a half a few months ago. and the other one is supposed to be Aust only but they stupidly went and invested in the US. I should have taken the sign then and dumped my shares.

 

[nioka]

I second that! What the heck you talking about? Now IS the time to be buying Bluechips. (Just look at SDL over the past week).

Just keep away from miners,

Why keep away from miners? Look at AGM today. It was Santa Claus in disguise, up 38% for the day. Just because Centro over spent and over borrowed will not cause China and India to suddenly shut up shop.

 

[vishalt]

Why keep away from miners? Look at AGM today. It was Santa Claus in disguise, up 38% for the day. Just because Centro over spent and over borrowed will not cause China and India to suddenly shut up shop.

Agreed!

Thanks for causing the over-reaction and making stocks cheap Centro~

Stocks are getting cheaper and BHP is at an 18% discount from its all time high, this is good .

I bought more but I also shorted the British listed BHP for short-term gains.

 

[Who Dares Wins]

This latest decline has me stumped.

I see no good reason why we were down 200 points today. People talk of recession in the US, but do you really think real estate prices in the states dictate how many new dams are built in China next year, or how many new aircraft they purchase? I don't.

And does anyone out there really think we will not see an increase in the iron ore price next year? So why are iron miners SP going down? Again, no sound reason except panic. Incidentally, was it a RIO report I was reading the other day predicting a massive copper shortage? I've read so many reports lately.

Remember the US economy contributes much less to the global economy than it did say 20 years ago. So, if it faulters the impact to the rest of us should be much less than it was 20 years ago.

 

[Nyden]

This latest decline has me stumped.

I see no good reason why we were down 200 points today. People talk of recession in the US, but do you really think real estate prices in the states dictate how many new dams are built in China next year, or how many new aircraft they purchase? I don't.

And does anyone out there really think we will not see an increase in the iron ore price next year? So why are iron miners SP going down? Again, no sound reason except panic. Incidentally, was it a RIO report I was reading the other day predicting a massive copper shortage? I've read so many reports lately.

Remember the US economy contributes much less to the global economy than it did say 20 years ago. So, if it faulters the impact to the rest of us should be much less than it was 20 years ago.

I do tend to agree about the whole China issue; people are always saying in argument against China though, that the US is a much larger economy than China, in which case it won't manage to make up for the slow down.

But, this is simply a moronic argument - the US economy is not going to drop to 0, it isn't simply going to stop. People need to live life, people need cars, people need homes, people need power.

Unfortunately though, these are all long term fundamentals that aren't really going to help the current sentiment

 

[chops_a_must]

Fundamentals don't mean squat. It's sentiment that counts.

 

[dhukka]

This latest decline has me stumped.

I see no good reason why we were down 200 points today. People talk of recession in the US, but do you really think real estate prices in the states dictate how many new dams are built in China next year, or how many new aircraft they purchase? I don't.

And does anyone out there really think we will not see an increase in the iron ore price next year? So why are iron miners SP going down? Again, no sound reason except panic. Incidentally, was it a RIO report I was reading the other day predicting a massive copper shortage? I've read so many reports lately.

Remember the US economy contributes much less to the global economy than it did say 20 years ago. So, if it faulters the impact to the rest of us should be much less than it was 20 years ago.

Why do people insist on applying rationality to such an irrational mechanism such as the market?

Your last paragraph sounds like a lot of the bull arguments -that is supported by broad generalizations and hope rather than solid evidence. No doubt the US contributes less to world growth but not a lot less. The US is still the main engine. Also consider that Asian economies are more export dependent than ever before so a global growth slowdown will hit them hard. In fact rather than a decoupling, Nouriel Roubini argues that we will see recoupling.