Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

Jump to new
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.
Click to expand...

LOL@the SPI & Notting..... i guess its not priced in!

CanOz
 
Two hours after open and the xao is down 78 points. I was expecting finance to drag it down about 60 points but it seems miners are the biggest contributor to the fasll with RIO down $2.48/3.82%.

NAB & ANZ down worst of the big 4 banks. Go figure?
 
I reckon its international investors trying to get out as the $A drops.
Hoping for a decent fall as I want to load up my margin loan.
 
skc said:
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...
Click to expand...

Just got there... -100.1 on XAO. That hurts a bit.
 
skc said:
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...
Click to expand...

Yeah I know, emphasis on the word should have.
My shorts are doing brilliantly today which is my overall position so guess I thought the market was being a bit dumb.
But never underestimate her!!!
Just keeping a lazy eye on oil. The lower it goes the better it is for the pegged cheats and economies in general, especially something that may get the US a bit happy.
But yeah not taking short profits just yet!!
 
Had it right for the ASX yesterday but wrong for Wall Street today:
hardly moved...,
I wonder if it will ever go back to reality there.....we are back to pre GFC or nearly in the US (but with a USD worth far less I admit..still..)
so might even bounce back here...
 
qldfrog said:
Had it right for the ASX yesterday but wrong for Wall Street today:
hardly moved...,
I wonder if it will ever go back to reality there.....we are back to pre GFC or nearly in the US (but with a USD worth far less I admit..still..)
so might even bounce back here...
Click to expand...

The whole thing is a mind game, it will probably jump a little then settle, the ASX never fails to disappoint.
I predict 30 points back up.

Any other pundits ?
 
notting said:
....But yeah not taking short profits just yet!!
Click to expand...
Understandable, imho the risk remains to the downside. And in any case, falling domestic interest rates combined with a rental crisis, are as likely to stimulate the property market as shares.
 
Starcraftmazter said:
It's always nice to dream :D
Click to expand...

I agree with that sentiment, the falling interest rates will aid the market improving.
How much so however thats the question.
The other effect of lower interest rates is that it lowers the demand for $AUD so will weaken it (time will tell), but this will be another positive for the markets making exports more affordable to others.
 
It will also cause highly leveraged foreign property speculators to rush for the exists instead of combating both falling prices and a falling AUD destroying their "investment".
 
Starcraftmazter said:
It will also cause highly leveraged foreign property speculators to rush for the exists instead of combating both falling prices and a falling AUD destroying their "investment".
Click to expand...

Most foreign property speculators in Australian REIT's were selling down their holdings when they had the combined advantage of an increased value AUD$ and rising share prices. If anything it took some liquidity out of the sector.
 
qldfrog said:
Had it right for the ASX yesterday but wrong for Wall Street today:
hardly moved...,
I wonder if it will ever go back to reality there.....we are back to pre GFC or nearly in the US (but with a USD worth far less I admit..still..)
so might even bounce back here...
Click to expand...

Strange isn't it?

US markets a delayed reaction or are they shrugging it off?

Let's hope no more bumps this week... yesterday hurt.
 
Chasero said:
Strange isn't it?

US markets a delayed reaction or are they shrugging it off?

Let's hope no more bumps this week... yesterday hurt.
Click to expand...

Another dip in the international markets overnight. If we fall, the boss has instructed me to start taking entries to trade the inevitable rebound.
 
Top