Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,830
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- 10,654
Re: PANIC!!!!!
Agree, its early days yet.
Garpal
tech/a said:
Agree, its early days yet.
Garpal
tech/a said:Or??
Same thing.
Been making it all morning.
Whats it saying??
With the Nikkei down nearly 200 points and our market down just under 10 points, there is hardly any need to panic. Some in the media were prediciting heavy falls today, but sanity prevailed.Atomic5 said:They've all stopped laughing on Bloomberg. Im gathering by their faces that it's not good right now.
tech/a said:Or??
Same thing.
Been making it all morning.
Whats it saying??
greggy said:With the Nikkei down nearly 200 points and our market down just under 10 points, there is hardly any need to panic. Some in the media were prediciting heavy falls today, but sanity prevailed.
DYOR
I started trading back in '79 and I've seen worse falls than this. One just needs to hold on to their nerves. Keep emotion out of it. Thanks for the humour.Atomic5 said:Sanity? Freakin' EU & Asian bloodbath while the Americans party? "ooops, did we say something? Our economy?"
If they keep this up they will soon be seeing missiles whistling over their fake blue sky and that will be before their $ tanks and drags us all back to the stoneage.
Just my hostile but Humble Opinion - Avoid heavy medicine.
I'm not getting your thread. I'm referring to the market. Just a little bit confused.Atomic5 said:That's idealistic but it's not reality. From OZ it may not look that political, but maybe step into Germany, or France or ... Iran ....
Everyone is saying the US is lying in that "there is no real problem"Maybe you're just not hearing over there.
MHO - Please DYOR.
Hi Atomic5,Atomic5 said:The ASX follows the US market like everyone else.
If IT tanks, the ASX will tank.
The US is saying there's no need to panic (happy happy joy time).... but the data says otherwise.
This tends to irritate other nations whose markets are tanking and who then want to throw bombs at the US or sell off $US dollars and deal instead in ruples or beans.
One way or another we may be in trouble.
MHO - I sound drunk but Im not.
Atomic5 said:That's idealistic but it's not reality. From OZ it may not look that political, but maybe step into Germany, or France or ... Iran ....
Everyone is saying the US is lying in that "there is no real problem"Maybe you're just not hearing over there.
MHO - Please DYOR.
I emboldened the "fundamentals" quote.ducati916 said:Market crashes or corrections do not happen in a single day.
Look at the April bar in 2000, the *Bear market* made a new high from March.
Sentiment & confidence however are easily broken.
You will have a % of participants withdraw from the market based on yesterdays shenanigans, that is a little less buying power flowing into Mutual funds, any redemptions further forces equity managers into selling, as they cannot hold assets as cash.
Bear markets, corrections are notorious for sneaking up on you from behind.
Already I've seen numerous references to *the fundamentals* haven't changed.
The fundamentals of the vast majority of stocks currently are horrible. Overvalued, and screaming sell.
In the midst of last year's panic I sold my WMT at around 2c (a fixed stop loss of 15%), the only stock I sold. Look at it today (high teens). Don't panic if you do your research and find some overlooked gems. Forget the noise!!rederob said:I emboldened the "fundamentals" quote.
I spent some time last night going over the eps of the equities I hold (that have had actual earnings).
80% of my shares trade at an eps below 15 times.
Several, like MRE, trade in the single digit eps.
I hold 36 different equities.
The majority of my equities are commodity-based, and should be dog**** if we are heading down the gurgler.
Oddly enough, I recall the carnage of last May, and did yesterday and today what I did then - added to existing holdings.
And I still have quite a bit saved up for next week's bargain basement sale, should it be so declared.
China coughs and the rest of the world catches a cold!
Confucius said.
Atomic5 said:Gorilla - Im Australian but I dont live there anymore.
theasxgorilla said:Your leftist, anti-American writings suggest you're in western Europe somewhere
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