Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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explod said:
Well the Dow pumped up 250 points on the open 15 minutes then struggled to increase the rest of the day with a bit of a drop but was pumped again in the last 15 minutes just to let us know who's Boss.

The authorities are owned buy the big guys, "Don't you worry about that" said dear Joe of Qld
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*sigh*.. oh for the good ol' days!

"Feeding the chooks" has never had the same meaning, post Joh... ;)
 
explod said:
Well the Dow pumped up 250 points on the open 15 minutes then struggled to increase the rest of the day with a bit of a drop but was pumped again in the last 15 minutes just to let us know who's Boss.
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That does suggest major manipulation. Isn't there a regulatory supervisor that should be looking into it, or have cost savings been made on this as it "unfrees" the market.
 
Knobby22 said:
That does suggest major manipulation. Isn't there a regulatory supervisor that should be looking into it, or have cost savings been made on this as it "unfrees" the market.
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The regulators were told to toe the line by J Edgar Hoover 80 years ago.
 
explod said:
Well the Dow pumped up 250 points on the open 15 minutes then struggled to increase the rest of the day with a bit of a drop but was pumped again in the last 15 minutes just to let us know who's Boss.
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The boss is the headline following lame, blind and drunken Santa.
Low volume rally in the US.
Get ready for the sun it's going to be a hot one.
 
baby_swallow said:
Looks like Santa came to town a bit early.......(you better watch out!!!)
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Yes, Santa has arrived indeed with the Dow up 4.25% signalling a massive increase in the ASX at 10am this morning. Even gold stocks joined in with increases ranging to 12% with comments in London for producers to double and just a few saying before Xmas.

All :D:D:D:D:D
 
I told you he was drunk!
Looking at the trajectory of the 'slay' it's seems he will miss the entire east and west and land in the south poll.
Use it to lose it if it's long.
Then again I'm normally wrong. :D
 
I'm guessing this rally is going to last 2-3 days at most??

What are the chances of a xmas rally? :) Santa pls be good to us
 
Last night was all "we will work it out", tomorrow will be "how?". Will the surge continue or falter?
 
So let me get this straight - governments are in debt, and the banks just made it cheaper to borrow even more money. And this is why the market went up???
 
Tyler Durden said:
So let me get this straight - governments are in debt, and the banks just made it cheaper to borrow even more money. And this is why the market went up???
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its like us having credit cards maxed out, but we cant afford to pay them off, so new people keep coming up to us offering us a slightly lower interest rate on a new card to pay off the existing, i can only assume accruing interest all the while.

arvo rally to finish off today by the looks of it. and after our banks have been downgraded? apparently they're rather upbeat about it ;) must still be riding the debt for debt rally
 
young-gun said:
its like us having credit cards maxed out, but we cant afford to pay them off, so new people keep coming up to us offering us a slightly lower interest rate on a new card to pay off the existing, i can only assume accruing interest all the while.

arvo rally to finish off today by the looks of it. and after our banks have been downgraded? apparently they're rather upbeat about it ;) must still be riding the debt for debt rally
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Yeah. Eventually, with all interest at 0%, debt will cost nobody anything at all.

FREE MONEY!!! Yaaaay!!

Wake me when the dream is over..... :cool:
 
Aussiejeff said:
Yeah. Eventually, with all interest at 0%, debt will cost nobody anything at all.

FREE MONEY!!! Yaaaay!!

Wake me when the dream is over..... :cool:
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to bad governments cant afford to pay back what they owe let alone interest aswell. im glad im not the one handing out low cost loans to these people - although i probably am in some way with this twisted financial system.
 
nulla nulla said:
Last night was all "we will work it out", tomorrow will be "how?". Will the surge continue or falter?
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Seems nobody cares how. Someone must have popped the champagne for the xmas party a bit early. Anyone know why else there was a late rally this afternoon?
 
nulla nulla said:
Seems nobody cares how. Someone must have popped the champagne for the xmas party a bit early. Anyone know why else there was a late rally this afternoon?
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Anticipation of positive jobs report from US tonight, Banks less at risk from contagion due to new liquidity.

I think the policy makers are hoping that there will be more optimism, so bond rates will go down and Italy, Spain and France will be able to fund their interests rates!!

Things can muddle along if they can pay and hopefully US growth and China growth will lift things up from there, and pigs are pulling the sled tonight.
 
notting said:
Anticipation of positive jobs report from US tonight, Banks less at risk from contagion due to new liquidity.

I think the policy makers are hoping that there will be more optimism, so bond rates will go down and Italy, Spain and France will be able to fund their interests rates!!

Things can muddle along if they can pay and hopefully US growth and China growth will lift things up from there, and pigs are pulling the sled tonight.
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Some say 'tis "The Silly Season".

Some might be right!

Party on.... :D
 
Psssst. I know the DOW is shaping up nicely and all that but,
just quietly, noticed a few cracks appearing in the Chinese wall!?
'The resources. The resources,' - Apocolypse Now. :eek:
 
Aparrently Standard and Poors has indicated it may downgrade Germany.

Seriously, who rates the agencies?
 
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