Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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skc said:
This is what I remember from GFC 1.

Market slides every day. Until someone put a bandaid on something.

- Some Korea bank wants to buy Lehman.... sucker rally.
- G20 coordinated rescue.... sucker rally.
- TARP... sucker rally.

The path this time may be similar. And some of the upcoming short term events are...

- RBA meeting tomorrow... they might say something about cutting rates?
- Fed meeting Tuesday US... bring out QE3?
- G20 emergency meeting... some other massive bandaid?

You'd think the market is not so stupid that they would rally on QE3, but the market IS pretty stupid at the best of times imo. The question is whether QE3 is going to be effective in pushing up asset prices this time. I read a good analogy somewhere.. that QE is like taking steroids - each time the high becomes lower and the duration becomes shorter, and you need higher and higer dose to get the same effect...
Click to expand...

... then you overdose & die. :cool:
 
No. Then you need a wheelbarrow full of money to buy a penny dreadful.
Ladies and gentlemen. Welcome to the greatest bull, market on earth!
 
I love this thread.

Evidently the fall in the INDEX is due simply to PANIC.
Everyone will come to their sences shortly.

The floor is littered with heros victims of stupid panick.

Just let the IMF know not to panic.
OH
US congress should be informed as well.
 
tech/a said:
I love this thread.

Evidently the fall in the INDEX is due simply to PANIC.
Everyone will come to their sences shortly.

The floor is littered with heros victims of stupid panick.

Just let the IMF know not to panic.
OH
US congress should be informed as well.
Click to expand...

My cue to buy is when these guys start posting doom and gloom :) I'm going to be a millionaire!
 
Wysiwyg said:
And my cue is to buy several months after you start buying... :D:D
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We can't keep free falling like this for too much longer...

Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
 
Defnitely should have taken losses this morning.

This is where being a newb is bad. Whenever my shares are going good or today for example, going less bad. I always fail to pull the trigger "just in case" they improve more.

Fail
 
alexc2005 said:
Defnitely should have taken losses this morning.

This is where being a newb is bad. Whenever my shares are going good or today for example, going less bad. I always fail to pull the trigger "just in case" they improve more.

Fail
Click to expand...

Do you have a margin loan against your holdings, If not why stress. If your companies are sound and you have diversification forget about short term market movements.

I know right now it is hard, but it will pass.
 
skc said:
We can't keep free falling like this for too much longer...

Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
Click to expand...

I'm a noob, but I think tomorrow will be worse than today after the US gets smashed overnight:2twocents.
 
skc said:
We can't keep free falling like this for too much longer...
Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
Click to expand...

Do you have a margin loan against your holdings, If not why stress. If your companies are sound and you have diversification forget about short term market movements.

I know right now it is hard, but it will pass
Click to expand...

WHY.
Is everything fixed???
 
skc said:
We can't keep free falling like this for too much longer...

Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
Click to expand...
That's what October 2008 tells us although this sell off is not yet of that extent.
 
If gold is going up in value so is everthing thing else.
It's just a commodity valued according to percieved dollar value it's not like it's getting more rare than any other commodity. Like say hmmmm oil.
In the end everything goes up.
Especially with hyper inflation from money printing.
Cash is death, soon.
 
tech/a said:
I love this thread.

Evidently the fall in the INDEX is due simply to PANIC.
Everyone will come to their sences shortly.

The floor is littered with heros victims of stupid panick.

Just let the IMF know not to panic.
OH
US congress should be informed as well.
Click to expand...

Just another small bout of Profit Taking...... :couch

Cheers
......... Kauri
 
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