Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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MrBurns said:
Rang Nick Radges office today and he answered the phone, nice guy, still not sure what to do I keep looking for the easy answer but there isn't one.:(
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A good, validated strategy...Capital....and Time....lots of Time...

CanOz
 
MrBurns said:
I'm 61 so time isnt a luxury I have a lot of.;)
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LOL, then i guess Gav was right when he said "life is too short for Buy and Hold"!

Cheers,


CanOz
PS, I'm sure you'll outlive us all Mr.B!
 
young-gun said:
exactly notting! the volatility is back! huge ups and huge downs may become the norm again. unpredictable would be an under-statement:) seems all central bank interference achieves now is a bit of market stability for which the duration is becoming shorter and shorter. dont get too excited about the rally today, it will no doubt be down tomorrow by as much on some negative news out of europe. let the fun begin
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Friday's news out of Wall Street: http://money.cnn.com/2012/04/20/markets/stocks/index.htm Dow, S&P 500 finish higher on earnings boost - Apr. 20, 2012

Just a temporary stay of execution? Slim corporate profits but from a fat slice of companies - it's plausibly enough a precursor to the real downturn.

I certainly can't see a big upturn from here that justifies sticking around in the market for the next 6 months (as opposed to sitting on the sidelines and waiting for a better entry point).
 
StumpyPhantom said:
Friday's news out of Wall Street: http://money.cnn.com/2012/04/20/markets/stocks/index.htm Dow, S&P 500 finish higher on earnings boost - Apr. 20, 2012

Just a temporary stay of execution? Slim corporate profits but from a fat slice of companies - it's plausibly enough a precursor to the real downturn.

I certainly can't see a big upturn from here that justifies sticking around in the market for the next 6 months (as opposed to sitting on the sidelines and waiting for a better entry point).
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indeed, I'll quite happily leave trading in 2012 to the pros;) i have a bad gut feeling about this year.
 
Not a good night internationally. I small drop yesterday was probably Asian markets leading the rest off the world. Hopefully, for holders, we are not going to tank today.
 
CanOz said:
Mr.Burns, you really should have a read of Unholy Grails by Nick Radge. Take charge of your investments.:2twocents

CanOZ
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Just ordered my own copy. Very positive feedback.

Note: I am a Radge subscriber of some years. No regrets.
 
50% unemployment in Spanish youth.
Spending unable to be curbed as much as hoped, even with that and austerity!

It's funny I've heard a few start to say things like.
"Well inflation is what central banks are there to control, that's their job and their good at it. So the printing should not be such a concern as it's consequences can be addressed. The alternative of collapse of the global financial system is unthinkable."

Still for the life of me don't know why the same types were chanting cash was king during the GFC part 1.

A slow decline in developed world living standards whilst stocks climb?
 
MrBurns said:
Is that a paid subscription ?

Why not actually put some money with him if he 's that good ?
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Of course it's a paid subsuscription and, imo, worth every cent.

As for putting "money with him" I consider that a viable option and one that may suit some people with less time to give to their own money management. Perhaps I will make a decision in that dierection later....

I think somewhere in this thread you mentioned being 61. I am quite some years older - not necessarily wiser. I have preserved our capital and made gains.

Mr B.. If I may say... I get no sense of your own direction. Sometimes decisions can be made even if they are later changed.

Perhaps TDs are the best option for you at this time. Capital preservation is not something I underestimate.

Best wishes

Rick
 
Thanks rick appreciate the insight into why you do what you do, I have only ever been a money maker not a money investor, hence I look and hopefully learn.
 
notting said:
A slow decline in developed world living standards whilst stocks climb?
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Well put notting, they're fighting a losing battle, only question is how much longer can we kick the can? It's getting bigger, and the boots shrinking;)
 
Hum, I believe today might be the day:
First a small fall in Oz today and bigger on the way when the other markets open; wait and see...
 
qldfrog said:
Hum, I believe today might be the day:
First a small fall in Oz today and bigger on the way when the other markets open; wait and see...
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Well, the French have certainly put the cat amongst the pigeons.;)

CanOz
 
CanOz said:
Well, the French have certainly put the cat amongst the pigeons.
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The market should have factored that in. It was pretty obvious. He conceded within half an hour!!
Looks like the people are just going to push the socialist well-fair thing till their all bankrupt and money has no meaning any more.
More printing for everyone.
Gold should actually start turning positive again, you'd think.
 
notting said:
The market should have factored that in. It was pretty obvious. He conceded within half an hour!!
Looks like the people are just going to push the socialist well-fair thing till their all bankrupt and money has no meaning any more.
More printing for everyone.
Gold should actually start turning positive again, you'd think.
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Europe's down ~2% since Friday's close.... so probably not priced in I'd say.

We haven't had a triple digit fall for some time...
 
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