Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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robz7777 said:
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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If Germany walked (maybe France two) you could then create the Euro-Lite Zone.

Similar to what a number of Property trusts did with their over-leveraged, rubbish assets, but spinning them off into a separate vehicle.

Euro-Lite could then do a massive QE program (they were stuffed anyway so what does it matter if they ruin the currency some more) to "buy" and "inflate" their way out of this mess.
 
Another "tanking" day for the ASX was looking remote until Japan & Hong Kong opened.... both down well over 1.5%.

Blow the ballast..... stand by to submerge ..... all astern slow.
 
Aussiejeff said:
Another "tanking" day for the ASX was looking remote until Japan & Hong Kong opened.... both down well over 1.5%.

Blow the ballast..... stand by to submerge ..... all astern slow.
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Maybe one last breath before heading south for the summer?

Have the leaders in Europe 'delayed' for so long because there is no solution to the problems they are currently facing? Or the solutions would be so unpopular they don't want to be the one who pulls the trigger..?
 
robz7777 said:
Have the leaders in Europe 'delayed' for so long because there is no solution to the problems they are currently facing? Or the solutions would be so unpopular they don't want to be the one who pulls the trigger..?
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The solution is that the ECB print money and buy Euro bonds.
The Problem is that Germans are very angry about the fact that all the other countries in the Euro especially France completely ignored the rules and ran up massive debts.
The Germans did the right thing and ran responsible fiscal systems.
If the Germans agree to print it will be as if they are supporting irresponsible behavior from the rest and taking on future inflation issues that the others all created.

Apparently France was the first of the countries to just ignore the rules and do what they liked. The others all looked at that and felt, 'Well their doing it, so we'll do it too!"
The Germans want to see pain, retribution and concrete systems in place to prevent such happening again. When that is in place they will allow some Euro bond sales backed by QE Euro1.
The rest of them are hoping Germany will fold when the markets start to collapse. That way they don't have to push through unpopular reforms and can continue being FruckTwits.
 
It will probably just float around till Tuesday, waiting for a full trading day from America to tell it what to do next.
 
Americans are feeling more positive about their local economy
Their on holiday.
The Europeans are in Zombie land and active today.
Mum and Dads have run away.
Result-
Australia exaggerated move down today.:aus:
 
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The old "BUT THIS TIME IT'S DIFFERENT!!!"

Lower lows, lower highs. We're in a massive downtrend, I think at this stage the only way up from here is cashed up aliens from outerspace.
 
The americano's went on holidays. They took their money with them. Next week they will be back with there money. We will probabbly have a bounce arround Tuesday. Whether it is sustained or merely a dead cat bounce, only time will tell.
 
nulla nulla said:
The americano's went on holidays. They took their money with them. Next week they will be back with there money. We will probabbly have a bounce arround Tuesday. Whether it is sustained or merely a dead cat bounce, only time will tell.
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wish everything would just hurry up and crash already...getting very tired of this slow burning deterioration of the world economy. stop trying to prevent the inevitable and just let it happen!!!!:banghead: the sooner it does the sooner we can start fresh
 
young-gun said:
wish everything would just hurry up and crash already...getting very tired of this slow burning deterioration of the world economy. stop trying to prevent the inevitable and just let it happen!!!!:banghead: the sooner it does the sooner we can start fresh
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We have to slow roast in hell first......:evilburn:

LOL
 
Italian 10 year bond yields have risen above 7% @ 7.2%

Spanish 10 year bond yields are not far behind @ 6.7%

How long can these countries sustain rates at these levels before they have to default?
 
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