Mondays open flat...

[Ken]

Just a little bit surprising that the first 5 minutes of Mondays open was very flat.

I am not being lured into buying or selling at this stage.

Anyone else find the opening a bit strange?

 

[mit]

I expected a larger drop than has happened. I thought there would be a panic from the amateurs dumping stock.

Could be that the amateurs have been lulled into thinking that all drops are one or two day affairs and are holding off selling and other amateurs are "bargain" hunting. I always discount the morning, I think this afternoon will show where the market is going (at least in the short term)

MIT

 

[krisbarry]

Maybe this is it, I mean the end of the correction. If the DOW rallies tonight, then we are off and running hot again tomorrow

 

[nioka]

I expected a larger drop than has happened. I thought there would be a panic from the amateurs dumping stock.

Could be that the amateurs have been lulled into thinking that all drops are one or two day affairs and are holding off selling and other amateurs are "bargain" hunting. I always discount the morning, I think this afternoon will show where the market is going (at least in the short term)

MIT

Could be that the "amateurs" are not all fools and are investing long term and are not fazed, as are the expert dealers and traders, by the variations in the market.

 

[BIG BWACULL]

:hide:YES LOngterm Holder

 

[chops_a_must]

Looks like energy stocks are/ are going to be, the first to recover.

 

[Ken]

I think it is a pause, before another fall. I think we will see the all ords dip under 6000.

If metal prices fall, then BHP should fall, which would make this a given.

As far as the major banks are concerned I think they are not worth shorting... so I reckon they are closer to bottom..

NAB has lost $6 and MBL has lost close to $20.

So you would think that even though there price rises were over done in the first place, there dividend, is enough to keep them close to current prices.

NAB looks a buy at current prices. Reporting season not far away and they should do well..

All hinges on DOW. Also worth noting that whenever the market loses some ground AMP comes back to $10 or just below.... It rarely stays under $10 for more than a few days before it re-gains ground. I have noticed this a number of tiimes..

Whether this is different not sure.

 

[Temjin]

Yeah, a little bit surprised too, after all these doom and gloom news from "professional analysts" saying this may be the biggest correction since 9/11 and may see the stock market to drop by more than 10-12%. And not to mention warning a massive sell on Monday.

And forgot to mention that, of course, they may be right after all, the market will always do what it wants to do.

 

[Ken]

hmm,

Its always hard to know... one minute they are posting $52 price targets for the NAB, next minute the share price is $38.

They are quick to remind people about broker coverage when it reaches a price target, but when a PSV with a price target of 60 cents hits 14 cents, there are no reminders there....

Theres risk with everything but its fair to say investing in the Top 50 stocks at the right price over the last 5 years you would be a winner over all.

 

[UPKA]

I think it is a pause, before another fall. I think we will see the all ords dip under 6000.

here's an interesting read, I think u'll find most fund managers n other investors will exit any companies that has exposure to Subprime, with the cash they'll enter other markets

http://www.bloomberg.com/apps/news?pid=20601084&sid=a4tg9V99WLjU&refer=stocks

like said, if the metal prices stay up, we should be fine.

 

[gfresh]

Yeah, a little bit surprised too, after all these doom and gloom news from "professional analysts" saying this may be the biggest correction since 9/11 and may see the stock market to drop by more than 10-12%.

It's nice to say that, keeps the cautious out of the market for a few days.. so they can scoop up all they can at the true bottom. By the time confidence has returned to the 'general' population, who start buying back in, they gain yet again.

 

[Yeti]

Could be that the "amateurs" are not all fools and are investing long term and are not fazed, as are the expert dealers and traders, by the variations in the market.

Well said Nioka. Reckon some of these "experts" must be able to see daylight.

 

[steven1234]

Here's another theory to explain what is going on:

We have funds that are liquidating their share holdings atm so that they can buy into the Subprime crash (property market) when all the foreclosures begin?

 

[Julia]

Could be that the "amateurs" are not all fools and are investing long term and are not fazed, as are the expert dealers and traders, by the variations in the market.

Thank heavens for a sensible observation.

 

[Ken]

So basically US housing has **** itself...

And prices are falling....

Could this happen in Australia, if the average Australians are stretched to the max, and forced to sell houses...

Anyone considering purchasing property in the US?

 

[gfresh]

Well it could happen, however I think lenders here, for the most part, are fairly cautious.

When you start seeing '100% finance, no deposit needed' on every corner for home loans, then you need to worry. It is starting to creep more into our market however.. RAMs, aussie home loans, etc.