That being the case, why does the USD keep rising against the AUD?
I would have imagined if you create $1T the rest of the USD pool is worth $1T less.
I cannot believe the market slumped post bailout!
- Thread starter Rastan
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That being the case, why does the USD keep rising against the AUD?
I would have imagined if you create $1T the rest of the USD pool is worth $1T less.
That's what I thought.. Listening to what costello was saying, they were going to borrow it from the UAE and Asia.. I don't think anyone really knows what is going on and / or what is going to happen lol
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fundamentally... thats what s'pose to happen.. but please explain why the USD is appreciating against all other currencies?
look at the aud/usd... 76c!!!! OMG... it was 20c higher not too long ago!!!
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re: market slump...
i'm feeling very demoralised atm... can't believe it has gotten this bad... well i can believe... but i can't believe at the same time (if that's possible)....
All ords down 120pts and still counting...
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Struzball,
These things always take time. How much time is anyones guess.
People are also fearing deflation, that is tanking commodities. The $A is seen as a commodity play. We also have hedge funds unwinding positions, this includes selling off Aussie resource stocks, then converting the money back into $US.
Plus the anticipated drop in IR tomorrow could be large making investments here look relatively unattractive compared to elsewhere (especially where bank deposits are guaranteed).
brty
These things always take time. How much time is anyones guess.
People are also fearing deflation, that is tanking commodities. The $A is seen as a commodity play. We also have hedge funds unwinding positions, this includes selling off Aussie resource stocks, then converting the money back into $US.
Plus the anticipated drop in IR tomorrow could be large making investments here look relatively unattractive compared to elsewhere (especially where bank deposits are guaranteed).
brty
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Where do you all get your all ords updates from, I go to the ASX site but thats delayed 20 minutes, are there any other better sources ?
Create a comsec account or any other type of online trading account. You don't have to trade to keep your account active and everything is live.
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Down XAO - 135.5
Etrade are pretty much on time perhaps a minitue delay today
Etrade are pretty much on time perhaps a minitue delay today
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Have a look at a long term chart on the $US index, what we have had over the last 3 months looks like a short covering rally that has just run into massive overhead resistence.
http://futuresource.quote.com/charts/charts.jsp?s=DX&o=&a=M&z=800x550&d=HIGH&b=bar&st=
If I knew how to show it I would, maybe someone else can help.
There has also been a massive concerted effort to keep the $US up by central banks around the world. As those CB's become more worried about the internal affairs of their own countries, they will eventually let the $US go.
We are currently in an economic crisis that has never been experienced before. The powers that be don't know what to do exactly and are making up history as they go, hoping to resolve the situation.
What they do know is to not let the '30's type depression happen again, so this time the printing presses will run overtime instead, unless there is some other option.
brty
http://futuresource.quote.com/charts/charts.jsp?s=DX&o=&a=M&z=800x550&d=HIGH&b=bar&st=
If I knew how to show it I would, maybe someone else can help.
There has also been a massive concerted effort to keep the $US up by central banks around the world. As those CB's become more worried about the internal affairs of their own countries, they will eventually let the $US go.
We are currently in an economic crisis that has never been experienced before. The powers that be don't know what to do exactly and are making up history as they go, hoping to resolve the situation.
What they do know is to not let the '30's type depression happen again, so this time the printing presses will run overtime instead, unless there is some other option.
brty
Trembling Hand
Can be found on the bid
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I'm with you on this one.
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hmmm... i get the feeling that today people are beyond fear... it looks like the $hit has hit the fan and capitulation is very very near....:fan
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anyone buying now will absolutely rake it in
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Why now? Not afraid of sleepless nights nor smelly fingers?
Todays action is hardly suprising, the dow went from over 250 points up to close 150 down on Friday night. Reality sinking in perhaps?
Just today an old guy nearing retirement (less than a year away) brought up in a staff meeting (completely un-related to anything) that everybody should convert their super to fixed interest.
So this morning everybody was in a mad rush running round with their QSuper conversion forms asking the old guy for 'financial advice' - which he was happy to provide.
I frowned and shook my head.
I myself am more than happy to keep my super as is (50% high growth). The balance is not very high, i'm 40 years to retirement, and every week that the unit prices fall the more units I'm getting for my money
DOW futures down over 150 as well.
lol, over what time frame?
While you may be right, things could also get alot cheaper yet.
I won't be looking to buy any longer term holdings until at the very least there is some evidence of a base forming.
If you take a look at the long-term monthly charts you'll see that what we have now is just a strong pullback after a similarly strong run up - it hasn't even reached the 61.8% fib retracement yet! . Don't be surprised to see it pullback to the old tops of around 3500 on the all ords - if it does get there it will be on a capitulation spike - have your cash ready to invest heavily when everyone around you is panicking and throwing their shares at the market.
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The 70's bear market took 4-years to finally hit the low. We're not quite 12-months yet...
After the first 12-months in the 70's bear the market dropped 24.5%. From then till the absolute low it dropped another 48.8%. The total decline for the ASX was 61.2% and it wasn't until September 1979, almost 10-years from the prior high, till new highs were made.
Of course, its different this time....
After the first 12-months in the 70's bear the market dropped 24.5%. From then till the absolute low it dropped another 48.8%. The total decline for the ASX was 61.2% and it wasn't until September 1979, almost 10-years from the prior high, till new highs were made.
Of course, its different this time....
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ok you have all convinced me
i have liquidated everything
i have liquidated everything
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Since we just seem to follow the DOW like an eyeless mule the question is whether or not fridays slide will continue tonight or will the US pick up a bit... (or in other words cut my losses or wait and see and lose some more)
I find it strange that the US is in such a sh*t state and when the Dow goes down 1% we go down 2% (all last week most of my holdings seem to do that) when our economy and lending are stronger than the US. I know we are dependant on them (like everyone else) but _that_ dependant.. oh well...
I find it strange that the US is in such a sh*t state and when the Dow goes down 1% we go down 2% (all last week most of my holdings seem to do that) when our economy and lending are stronger than the US. I know we are dependant on them (like everyone else) but _that_ dependant.. oh well...