Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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Starcraftmazter, how about outlining your perfect society and how it would work?
Perhaps start a thread on this so as not to divert the ASX is tanking thread.
 
Starcraftmazter said:
No need, just refer to USA before the central banking cartel infiltrated it.
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What a cop out.
Let's pretend I have no understanding of anything that has happened in the USA.

I've simply asked you to provide us with an outline of your ideal society. Given the ongoing and multiple criticisms you have of the status quo, you should relish the opportunity and be happy to enlighten us.

You could cover e.g. incomes, taxation, welfare, healthcare just for a start.
 
Julia said:
What a cop out.
Let's pretend I have no understanding of anything that has happened in the USA.

I've simply asked you to provide us with an outline of your ideal society. Given the ongoing and multiple criticisms you have of the status quo, you should relish the opportunity and be happy to enlighten us.

You could cover e.g. incomes, taxation, welfare, healthcare just for a start.
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Cripes - Really sounds like a book is needed in response Julia. Certainly a new thread if anyone wants to pursue this discussion.
 
Muschu said:
Cripes - Really sounds like a book is needed in response Julia.
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No, I don't think so, Rick. Starcraftmazter is adept at making succinct comments.
It should be simple for him.

Certainly a new thread if anyone wants to pursue this discussion.
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Yes. I have already suggested he might like to start a thread on the subject.

You may like to contribute yourself?
 
Julia said:
No, I don't think so, Rick. Starcraftmazter is adept at making succinct comments.
It should be simple for him.



Yes. I have already suggested he might like to start a thread on the subject.

You may like to contribute yourself?
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No thanks Julia. Topic too broad for me on a stocks forum.

"incomes, taxation, welfare, healthcare just for a start."

But if you, Star and others want to go with this -- then it will happen. Not for me tho. I tune into this thread for the topic.
 
Julia said:
I am duly chastised, Rick. My apologies for the diversion.
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Not chastising at all Julia. It's just that, with the occasional exception, I choose not to participate in ASF conversations on "broad" topics and tend not to read them unless I have some particular interest [as in the "depression" discussion for example].

Best wishes

Rick
 
It would appear that the world markets doubt the ability of the greek parliament to pass the needed legislation this week-end and have cashed out their positions anticipating a retrace from present levels.

Even though our all ords had a slight retrace on Friday, and we are disproportionately lower in comparison to the rest of the world markets, we will probably drop again on Monday if there is no news of the greek legislation being passed over the weekend.

There are some good buying oportunities for the brave at the moment. Problem is, they are likely to get even better in the short term.
 
Julia said:
What a cop out.
Let's pretend I have no understanding of anything that has happened in the USA.
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Let's pretend you don't want an answer then. Oh wait, that seems to be the case, as mine addresses all of these;

Julia said:
You could cover e.g. incomes, taxation, welfare, healthcare just for a start.
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It's not rocket science, why not simply have a free market with minimum regulation and a competent government with minimal intervention? USA before the central banking cartel took over is a prime example of what that is like. Don't know what else you want.

nulla nulla said:
It would appear that the world markets doubt the ability of the greek parliament to pass the needed legislation this week-end and have cashed out their positions anticipating a retrace from present levels.
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I hope it's that, because it's silliness. It is obvious the deal will get passed. The vote is scheduled for this Sunday, so by the time the ASX opens hopefully it will be a done deal.

The real problem is that now the EU are saying that even this deal is not enough, and they want more cuts due to deficit projection blowouts of several hundred million euro. Sort of like a Donkey being lead with a carrot.

nulla nulla said:
Even though our all ords had a slight retrace on Friday, and we are disproportionately lower in comparison to the rest of the world markets, we will probably drop again on Monday if there is no news of the greek legislation being passed over the weekend.
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I would imagine that is because of bad Aussie and Chinese data.

The main thing is to sell/short sell before the banks report earnings and projections of earnings. Right now they are losing money on every new mortgage they write.
 
Julia said:
Starcraftmazter, how about outlining your perfect society and how it would work?
Perhaps start a thread on this so as not to divert the ASX is tanking thread.
Click to expand...

Starcraftmazter said:
No need, just refer to USA before the central banking cartel infiltrated it.
Click to expand...

Starcraftmazter said:
It's not rocket science, why not simply have a free market with minimum regulation and a competent government with minimal intervention? USA before the central banking cartel took over is a prime example of what that is like. Don't know what else you want.
Click to expand...
You should stick with internet forum posting, to remain a legend. ;)
 
sinner said:
I am personally bullish for 2012 and will look for signs of healthy breadth before entering in January.

However I've been watching the AUD money market spreads, (i.e. Dec 3M AUDLIBOR vs Jan 3M AUDLIBOR vs Feb 3M AUDLIBOR vs March 3M AUDLIBOR) and clearly something has been stinking up Aussie markets since June/July 2011.
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Well, it's almost two months since I made the above post and I haven't been game to enter longs in the Aussie equity markets, except a small tactical allocation into the SLF ETF.

Meanwhile US markets have rallied impressively, even after accounting for an AUD hedge (although I do note ASX Utilities took part in the global utilities rally). Didn't participate, but it was interesting to see.

The AUD LIBOR curve and versus front month AUD Gov money is still looking sickly. To me this explains the disparity in performance. Credit isn't flowing as loosely here at home compared to the rest of the first world.

Until the AUD/USD and AUD/JPY start to lose some of their steam or global markets adjust to a new high AUD (/low USD/low JPY) then I'd rather stay in "cash" or execute an options strategy like a bullish calendar spread to lower the costs of being bullish.
 
I have a feeling we'll see a hell of a lot of volatility this week. Lots of data from home, the US and Europe. Reporting seasons here and in the US as well. Not to mention the whole Greece thing and the vote on Wednesday.

It's going to be all up and down.


Tyler Durden said:
But at what cost I wonder...
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With 100,000 protesters setting fire to buildings, and it being one hour past midnight over there, I was honestly wondering whether the MPs planned to sleep in the parliament building that night :p

I would be extremely interested to know if they did and if not then how the hell they managed to get home, and not get it set on fire!
 
Klogg said:
Yeah... Having relatives in Greece, it worries me that the country will be drowning in poverty...

They really do need their own currency IMO.
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I wonder what the chances of a default are now.

Everyone last october was saying it was 99% definite.

Now its end of feb and funds are due.. investors are nervous :)
 
Chasero said:
I wonder what the chances of a default are now.
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LondonBanker is starting to think 'pretty low'.
http://londonbanker.blogspot.com.au/2012/02/greece-cutting-out-middle-man.html
Official creditors will receive full payment. Private creditors will receive the new discounted rates agreed with the IIF for restructured debt. I am not sure what private creditors who reject the IIF proposal might receive, but it will not much matter as ISDA will find there is no credit event regardless.
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