The ASX to plummet 132 points today?

[Realist]

That's my guess.

 

[ducati916]

That'll probably be your warm-up in the first 5mins.
The ASX is so leveraged to China with resource large caps.
Add in the banks who are exposed to NPL's
The rest is ****e, and will drop as fast.

Not going to be a good day for you guy's.

jog on
d998

 

[Realist]

That'll probably be your warm-up in the first 5mins.

I hope not, that only gets us trading up to about the letter H.

But at 10:12am I suspect we'll be down over a 100 at least.

I'm gonna lose a few thousand today, so be it, I made a few thousand last week.

I'll try not to look. And just cop it.

 

[ducati916]

You guy's are in for a bloodbath;

DJIA -530
S&P500 -60
NASDAQ -100

jog on
d998

 

[Realist]

You guy's are in for a bloodbath;

Meh, back to where we were a couple of weeks ago.

Not even worth worrying about.

 

[dutchie]

Down to about 5800 today ??? (3% or so).

 

[trader]

I'am going to sell all @ opening, could easily see a drop of 200 points today
and maybe with more to come tomorrow.

 

[Realist]

I'am going to sell all @ opening, could easily see a drop of 200 points today
and maybe with more to come tomorrow.

Silly, silly, you'll lose 2 to 3% as they all open low off the bat.

And the chances they'll recover tomorrow are higher than the chance they'll go down further.

A waste of money and brokerage.

But I know nothing, ignore me, I just thought I'd say my thoughts.

 

[Atomic5]

I would prefer to be watching 'Apocalypto'.

Plot is less engineered.

 

[Sean K]

And the chances they'll recover tomorrow are higher than the chance they'll go down further.

There may be a dead cat, but I think 5700 is the next stop. Then possibly 5400. We need a damn good correction here. It's part of a healthy market. The bears are saying a start of the recession, but I'm not on that bus yet. Perhaps I'll pay.

 

[Techbuy]

The underlaying cause is the crack down by the Chinese Goverment over the ramping and speculaton that has driven their market. its not a cut back in resource needs. The market will drop, it's the nature of the beast but it should recover quickly as the realisation hits that they still want the same tonnages as before just not so much speculating.

 

[Techbuy]

I just looked at the IAP for a lot of the stocks across all sectors nearly all are in the red down as much as 2.2c for BLT for example. Normally they hover around the close at this time of the day but not today and some fairly big volumes building.
looks like the bank account is going to get flogged today.

 

[Atomic5]

Timing of the US tele-conference to China by Greenspan is political, egotistically self serving and media attention grabbing by an ex-someone sticking his 2c in.

It could have come a week ago or Wednesday or next week and in a different manner and avoided the panic bloodbath.

Just seems like these US politico-types like the effect, the powerplay. Wait for Bernankes double whammy on Wednesday.

:rocketwho

 

[ice]

Meh, back to where we were a couple of weeks ago.

Not even worth worrying about.

For someone who's not worrying you're doing a lot of posting.


ice

 

[noirua]

Former Fed Chief Greenspan speaks: http://money.cnn.com/2007/02/26/news/economy/greenspan/index.htm

 

[Realist]

For someone who's not worrying you're doing a lot of posting.


ice

I'll probably jump from the window in an hour..

 

[imajica]

panic selling is lame and predictable - you are only making etrade rich

 

[Realist]

panic selling is lame and predictable - you are only making etrade rich

I totally agree.

It is important to reduce brokerage.

 

[professor_frink]

morning Realist
132 pts today?
Futures are already off 170, and we haven't even opened yet.
Are you expecting the dip buying crowd to show up this morning?

 

[CanOz]

I'll probably jump from the window in an hour..

There may be a few Chinese citizens doing that today, if the article about the way they were borrowing to invest in A shares was anything to go by.

I won't be juimping, i had switched to banks and gold last week, then sold everything yesterday just before the close. :

Bring on the selling climax!

Cheers,