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The official "ASX is tanking!" panic thread

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The Aussie Market should be up around 1% tomorrow i would think, with the DOW up 2.2% on Friday and clearly consolidating at around the 12000 level...down trend broken for mine.
 
Obama Says it all,

This video clearly lays out the current problem with the US Government.
 
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Looks as if worry and concern has been put back in the box temporarily.

Jack is very nervous in his box and may jump out again at any moment. Very strong spring and weak lid.

Gold stocks look the way to go and other resources stocks are desperately cheap.





Just in case you missed it. Voting for your favourite forum takes place at http://www.thebull.com.au/the_stockies/forums.html
 
US Jobs looking a little bit better. US growth is slight. Two new prime ministers in Euroland. Austerity measures past in Italy. Nice little rally on technicals. Looks nice accept:
Italian bonds above 6% insolvent.
I cannot believe this rally.
 
Here is a dramatic representation of what some of the bears here fear will happen to the world economy,

After all greece is such a small country, how can it possibly topple anything.
PS. I am still as bullish as ever, just thought this was a funny video.
 
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Uncle Festivus said:
Greece is old news - it's gone higher up the food chain now to Italy & France. And Germany has realised it has to start looking after it's own.
Click to expand...


So are those 2 big contagionoes China & the USA?

Why are you still extremely bullish?

So someone else is put in charge of sorting the mess that is Italy - market now happy - all is good - again?
 
Uncle Festivus said:
1, So are those 2 big contagionoes China & the USA?

2, Why are you still extremely bullish?

3, So someone else is put in charge of sorting the mess that is Italy - market now happy - all is good - again?
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1, if thats who you want to think of, sure.

2, Many reason that I have mentioned since the inception of this thread, long story short Australia and the businesses I own and invest in will continue to thrive based on our own internal economy and or export industry. I in no why believe the American economy is going to stop consuming and I believe china will continue maufacturing exports and steadily increasing domestic consumption.

3, Well who knows if it is all good, But I don't think it is all bad. I hope we have a few more shocks, But I am 100% confident the global economy is going to contiune to grow regardless.
 
Tysonboss1 said:
Obama Says it all,

This video clearly lays out the current problem with the US Government.
Click to expand...

i stated it somewhere else in another thread, but governments account for somewhere between 30-50% of national spending. If governments stop spending, countries fall into recession. this is why austerity measures are a joke, they just want to appear to be doing the right thing, while well aware that they can't stop. At the end of the day growth CANNOT go on forever, end of story.

tyson i admire your optimism, and can appreciate that this is probably what has lead you to succeed in your own business(amongst many other things), but honestly - bullish have you got a contract with the comm games or something??

all this spending and debt and unfunded liabilities are not just going to go away, we are sitting right on the edge at the moment, it just needs something to happen, im unsure of what thats going to be, but ill get back to you when it does but i can assure you it will be sudden.

i do however believe that australia will most certainly come out of this crisis alot quicker and in a much better financial position than alot of nations.

JMO
 
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notting said:
US Jobs looking a little bit better. US growth is slight. Two new prime ministers in Euroland. Austerity measures past in Italy. Nice little rally on technicals. Looks nice accept:
Italian bonds above 6% insolvent.
I cannot believe this rally.
Click to expand...

Perhaps a tiny crack in the Berlin Wall then?

http://www.bloomberg.com/news/2011-...back-motion-allowing-euro-member-exit-1-.html

Anyone else getting the jitters?
 
It occurred to me this morning that the Eurozone needs to kick Germany out of the Euro - but alas that can't be done.
 
Very funny and really not that silly.
The others could all then form their own ECB.
Reduce all their retirement ages to 35 to win the next election.
Print money till the cows come home to fund pensions and all have an awesome popopulous political party on the people.

At least the market is doing what it should in the last hour given we have entered a zone not seen since the great depression.
Still cannot believe we rallied after Italian bonds hit the catastrophic 7%.
What did it take for the appropriate response? Fitch said US banks would be badly effected by Eurozone issues if they get real bad. WOW!!! Visionary.
Oil is up over a dollar still. Greate, that takes care of Asia too.
 
Anyone else buying puts today? I grabbed a XJO 4100 put MAR-12 for 160pts.

Hope to exit at a profit and some increased vol by Christmas!
 
sinner said:
Anyone else buying puts today? I grabbed a XJO 4100 put MAR-12 for 160pts.

Hope to exit at a profit and some increased vol by Christmas!
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Probably Options 101 for most of you guys...

... but does this mean that you make a profit for every point that the XJO closes below 4100 come the option expiry date in Mar 2012? What is your down-side risk? Loss of the option premium only?
 
Ves said:
Probably Options 101 for most of you guys...

... but does this mean that you make a profit for every point that the XJO closes below 4100 come the option expiry date in Mar 2012? What is your down-side risk? Loss of the option premium only?
Click to expand...

Assuming I hold till expiry, essentially yes. It's a little more complicated than that, since

1. I can sell back into the options market before expiry.
2. options pricing take into account the value of both price and volatility "vega". So my potential profit or loss is not only determined by price above/below 4100 but realised volatility when I exit the position.

I'm buying further out of the curve than I will probably hold, so my position isn't affected as much by time decay "theta".

Maximum loss is option premium as you state.
 
I was expecting our market to tank yesterday and was surprised when the xao rallied 10 points. Low volumes could be indicative that the "panic" component is largely already out of the market?
 
Struzball said:
The real panic will come when even Tysonboss gives up hope
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i have a feeling houses could fall by 40% and xjo hit 2400 and tyson would still be bullish. no offense tyson

just out of curiosity, if things did crash do people on this forum think it will be by means of deflation or hyper-inflation(perhaps not as relevant here in aus as we aren't printing money even close to the magnitude that other nations are - if we have 'printed' at all)?

naturally both will be bad, but i am personally under the impression that hyper-inflation is worse?
 
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