Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

Jump to new
Starcraftmazter said:
Just to clarify - do you mean started dropping once the date reaches April, or the tops have been in April for the last 2 years?
Click to expand...

2 noticeable peaks in april followed by quite sharp declines. from 5050 to 4350 approx in 2010 in a couple of months and then from around 5000 to well below 4000 in 2011 in about 6 months?. anyone have any insight as to what may have driven this?
 
notting said:
How quiet is the M&A activity.
It's like there is this deathly silence in the air!!
Click to expand...

A few weeks ago the usual brokers that roll out onto Switzer were starting to say look out for M&A targets, even touting FMG as a potential take over target.

As to whoever it was asking for the impressive graph it was in today's perma-bear publication "Money Morning" under the title "This Market is Toast".

Here is my Easter prediction for 2012. April will be a down month but the XAO will not fall below 4200. Just remember, you heard it from some bloke on the internet.
 
tinhat said:
A few weeks ago the usual brokers that roll out onto Switzer were starting to say look out for M&A targets, even touting FMG as a potential take over target.

As to whoever it was asking for the impressive graph it was in today's perma-bear publication "Money Morning" under the title "This Market is Toast".

Here is my Easter prediction for 2012. April will be a down month but the XAO will not fall below 4200. Just remember, you heard it from some bloke on the internet.
Click to expand...

Agree, I'm thinking retracement.....'risk off' for a while:)

Keep an eye on the ^vix though......

CanOz
 
Big drop in the international markets overnight, last night. Today is the last day of trading on the ASX prior to the close off for the Easter long weekend. Anticipating a bit of a sell off today following on from yesterdays small retrace. Cashed up and ready to buy.
 
gold down to 3 month lows.

silver down 7%

Oil near $100!

Should be a nice risk off day today entering long weekend
 
How much will the XAO tank by today? All predictions welcome. Europe, Asia and the U.S.A dropped further last night and now the negative "concerns" are escalating issues in Portugal and Italy combining with fears of a "slowing" domestic economy in China ("Slowing" means not growing at 10%+).

Looks like a major case of fear mongering intended to drive markets down, not that the U.S.A markets didn't need correcting anyway.

Resources will take another hit today, probably finances as well.
 
We never seem to tank like the US nor go up for that matter if you look at the 2 year graph, the US is way ahead of us, we seem to be in a funk all of our own.
 
MrBurns said:
We never seem to tank like the US nor go up for that matter if you look at the 2 year graph, the US is way ahead of us, we seem to be in a funk all of our own.
Click to expand...

Well, the majors have been behaving relatively sensibly over the last nine months or so, however, our mid and smaller caps have been doing the pogo along with the grown up internationals. And we were quite good at tanking in all ways when tanking was in vogue.
So that's not all together true.

All eyes on Spain is not the place we want to look if we want to enjoy the Kool-Aid a little longer.
 
Very mediocre response to the internationals. apart from resources re-acting to china's growth slow down the rest of the market was fairly static, even presenting a couple of entries.
 
I like to look at this page to get a bit of a feel for the mood.
Have to say, I jolted a little when I saw it today!
Haven't seen such a clear picture for quite some time.
The Pulse.jpg
 
notting said:
I like to look at this page to get a bit of a feel for the mood.
Have to say, I jolted a little when I saw it today!
Haven't seen such a clear picture for quite some time.
View attachment 46736
Click to expand...

the recession/depression bear likes to take a small walk when stimulus is thrown at him.... seems to keep him away for shorter and shorter periods these days. tick tock
 
Some support for my guess that we are currently on some form of false positive:

MORE than $80 billion will be wiped from the value of Australia's sharemarket by the end of the year - a prediction that throws more fuel on the debate about the value of investing in stocks compared with bonds - according to one of the country's leading equities strategists.

Tim Rocks, the managing director of global research at Bank of America Merrill Lynch, yesterday said the market would lose nearly 7 per cent in value this year - a figure that flies in the face of other market predictions - as stifling financial conditions, continued dismal earnings forecasts, and a troubled US economy combined to depress the sharemarket, dragging it down to the 4000 points mark.

If that were to happen, more than 12 months of gains would be wiped from the market, leaving the S&P/ASX 200 Index up just 0.4 per cent on November 25 (when it closed on 3984.3 points).

The former Reserve Bank official said one of the major reasons for his prediction had to do with analysts' ''incredibly over-optimistic'' earnings forecasts.

''Earnings forecasts remain scarily high, both for the remainder of this financial year and for the 2012-13 financial year,'' he said. ''That failure of earnings forecasts has been one of the key reasons why the Aussie market has massively underperformed global markets.''
Click to expand...

http://www.smh.com.au/business/markets/scary-optimism-prompts-market-warning-20120416-1x3p3.html
 
After the bounce on last nights international market, yesterday may turn out to have been the day to buy.
 
Well I'm either going to buy a home unit or a swag of TLS in a week or 2, what are the odds I choose the next market to tank ?
 
MrBurns said:
Well I'm either going to buy a home unit or a swag of TLS in a week or 2, what are the odds I choose the next market to tank ?
Click to expand...

Why is it an all or nothing bet? Can you not manage the risk better than being at the mercy of a tanking trade?
 
Top