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The official "ASX is tanking!" panic thread

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Porper said:
Everybody is expecting a fall when the Fed final starts to wind down. When the masses expect the market to react in a certain way it will almost always do the opposite.
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Which spells priced in.
It's ' no where else to go', confidence, balance sheet repair and cost cutting the got the markets up off the deck.
The easing offered the confidence once that's gone and bond markets start to move, you'd imagine that it could be prudent to take profit's and head for the safer bonds which will then be paying more. (a scenario).
Their all piling into Europe.
For what?
 

I'm mainly in TLS.....and am very comfortable with their future prospects but will wait till the present falls seem to be accelerating then get out til it stabilises.

Thanks for the suggestions.
 

The majority of people are always wrong and irrational, they've probably been shorting since May, and losing lots of money, as soon as the market starts heading down, the majority will be going long, catching falling knives.

There's 2 sides of every trade, if "everyone" is shorting and making money, there are just as many going long and losing money (possibly with margin loans). Either way - I'm not brave enough to be in anything at the moment, there might be some money to make on the upside, but the downside risk is far greater.
 
Struzball said:
Either way - I'm not brave enough to be in anything at the moment, there might be some money to make on the upside, but the downside risk is far greater.
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You only ever get paid for taking on risk and then managing it, not from avoiding it. IMO.
 
Seems to be holding but it feels like the quiet before the storm.

And then we'll all say, "we knew something was up"
 
Will the ASX "tank" more than 2%, like the US market overnight, or will it be closer to a 1% fall?
 
dutchie said:
Will the ASX "tank" more than 2%, like the US market overnight, or will it be closer to a 1% fall?
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No one can know for sure. The XJO isn't giving the same technical signals as the US market. I shorted the S&P 500 before open last night and still have that position but I am not doing the same for the XJO today.
 
qldfrog said:
you mean you sold in November and moved to short then , then just checked the US market this morning,
or you just had a great night ?
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No, I have very little in at the moment. I've been gun shy since September. Am short but not hugely.
I got some family people to take out many millions in late last year so I feel good!
There isn't a strong enough theme of catastophe to make it too awesome.
But it may get clearer as to where things really are at.
The US market is pathetically overvalued but usually is so always like to see that stop the BS.
One reason for them to continue feeling positive is that it no longer looks like China is kicking their butt. So they have plenty of strut back and I don't think that will change.
 
McLovin said:
I don't really have a level for the market, just a watchlist and when things get cheap enough I start nibbling.
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Thanks.I should indeed remember nibbling..a smooth gradual way back..definitively will be teh way to go
 
A number of posts in this thread that related to the money system have now been moved to a new thread.

Please continue the discussion there.
 
I have been reading through this thread, and it is a really interesting glimpse of how people are taken by irrational fear when the market crashes a bit.

read from pages 95 - 100 and you will see mostly nothing but predictions of doom, Turns out the global economy didn't collapse. It's a great insight into humans reactions to such situations.

There was one bullish guy though, the bears did try to beat him into submission though.
 
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