Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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Hyper inflation will not kick in till the Germans either give in to ECB bond buyng/printing of give up on the Euro. For the Germans to do an about face they will need to go through a collective financial renaissance or nervous breakdown.
It will be interesting to see how long a strong US dollar will be tolerated by the FED till then. Not that I'm expecting a QE3.
None of this is good for our commodity sentiment, though it makes no real difference as our dollar just tanks along with the stronger US$.
Till then uncertainty should make for southerly winds, that may blow for a long long time.
Assuming that the markets can actually be rational.
 
notting said:
Hyper inflation will not kick in till the Germans either give in to ECB bond buyng/printing of give up on the Euro. For the Germans to do an about face they will need to go through a collective financial renaissance or nervous breakdown.
It will be interesting to see how long a strong US dollar will be tolerated by the FED till then. Not that I'm expecting a QE3.
None of this is good for our commodity sentiment, though it makes no real difference as our dollar just tanks along with the stronger US$.
Till then uncertainty should make for southerly winds, that may blow for a long long time.
Assuming that the markets can actually be rational.
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You honestly believe bernanke and the ecb can keep their finger off the 'print' money button? i've never been one for gold, or silver for that matter, but with the fed already having mentioned qe3, and a continuing deterioration of the world economy, and the paper money system, gold looks set to soar if they choose take that path? gold would indeed be one of the few assets of value in a hyper-inflationary environment. or perhaps the massive gains over the past 10 years was from some very switched on investors that saw all this coming?:)

sorry just to clarify, are you of the opinion or currency is too minute to really stand on its own? therefore ours will just do what everyone else's does(or more so the US)?

back on topic down 1.8% today, European bond yields rising, will there ever be such a thing as a sustainable and supported rally ever again?
 
young-gun said:
will there ever be such a thing as a sustainable and supported rally ever again?
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Yes eventually but traders have been getting locked into poor positions and then patiently squeezed out for a loss. Holding for an extended period in the red is tough but alternatively don't give the market a shot at your dosh by staying out.
 
young-gun said:
or perhaps the massive gains over the past 10 years was from some very switched on investors that saw all this coming?:)
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Hardly, probably the central bankers (the individuals) who created this mess.

young-gun said:
back on topic down 1.8% today, European bond yields rising, will there ever be such a thing as a sustainable and supported rally ever again?
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So a bull market? No time soon.
 
Huge tank in Europe last night and the djia looks like closing down arround 200 points (despite a late rally). No doubt we will tank a bit today.

At some stage our share prices have to reach a point where the knowledge of Europes and the U.S.A problems are already factored in.
 
nulla nulla said:
Huge tank in Europe last night and the djia looks like closing down arround 200 points (despite a late rally). No doubt we will tank a bit today.

At some stage our share prices have to reach a point where the knowledge of Europes and the U.S.A problems are already factored in.
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STANDARD & Poor's have maintained its AA+ credit rating for the United States despite the failure of a special congressional panel to agree huge deficit cuts due to deep political differences.

"The Fiscal Committee's inability to agree on fiscal measures that would stabilise US government debt as a share of GDP is consistent with our August 5 decision to lower our rating to AA+,'' S&P said,

"However, we expect the caps on discretionary spending as laid out in the Budget Control Act of 2011 to remain in force. If these limits are eased, downward pressure on the ratings could build.''
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http://www.heraldsun.com.au/news/br...ommittee-failure/story-e6frf7ko-1226202187894

Laughable. Any other country with similar debt problems & struggling to find any answers would have been slapped down by S&P. But not good ol' Unca Sam who pays their bill$!

I guess the sheer scale & power of the U$ printing presses is all that matters....

LOL

Only a lil' "tank" today. Nothing to squirm over...
 
nulla nulla said:
Huge tank in Europe last night and the djia looks like closing down arround 200 points (despite a late rally). No doubt we will tank a bit today.

At some stage our share prices have to reach a point where the knowledge of Europes and the U.S.A problems are already factored in.
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Factor what in though?

We are living in times of Rumsfeldian Unknowns.
 
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! :2twocents
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4100 puts now trading nicely above 220.

I thought I would be game to hold this position until the Christmas at least, but right now it feels more like take 35% profit on position and enjoy the sun time.

See you Jan 9th 2012! I have a feeling I'll be coming in hard longs.
 
High volume synchronized selling of banks just went down!
Actually RIO and BHP etc included. Just a big market synchronized sell it seems.
 
By the time this rest of the world depression b.s. is over, China will have completed their growth phase and the Aussie market remained depressed through the majority of it. Idjets I tell ya, idjets. :mad:
 
djia down another 236 overnight (dropped off sharply leading up to the close). The strongest economy in Europe (Germany) was unable to auction off 6 billion euro of bonds yesterday. The bears are back in control.
 
nulla nulla said:
djia down another 236 overnight (dropped off sharply leading up to the close). The strongest economy in Europe (Germany) was unable to auction off 6 billion euro of bonds yesterday. The bears are back in control.
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The bears have been in control for two years, this has been nothing more than a dead cat bounce since the GFC started.

Expecting the lows of 3100 to be reached in the next few months.

Cheers
 
The failure to sell the Germany Bonds is a positive IMO.

It will now bring the issue right to the forefront of Germany Politicans and the publics mind.

They didnt like helping out all the other countries (Greece, Italy, Spain, etc) because it had not "affected" them to any great extend yet. I.e. They were the strongest economy and money flowing in was not a problem. They were just p^^^^^ that they had to bail everyone else out.

Now they are getting caught up in this mess and will want it fixed quick smart.

This may be the final push needed to fire up those printing presses.
 
investorpaul said:
The failure to sell the Germany Bonds is a positive IMO.

It will now bring the issue right to the forefront of Germany Politicans and the publics mind.

They didnt like helping out all the other countries (Greece, Italy, Spain, etc) because it had not "affected" them to any great extend yet. I.e. They were the strongest economy and money flowing in was not a problem. They were just p^^^^^ that they had to bail everyone else out.

Now they are getting caught up in this mess and will want it fixed quick smart.

This may be the final push needed to fire up those printing presses.
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Time for the Germans to walk away from the Euro, it is now becoming clear to the German people that the other players on 'team' Euro aren't overly concerned with putting in their fair share. Back to the good old days of cheap holidays in Greece and Portugal!
 
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