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The official "ASX is tanking!" panic thread

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luutzu said:
I never realised that that was a song about investing. I've always thought the old banker was there to show how a person who cared too much for money ends up wishing he'd spent more time singing in the rain or something.

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In that scene they are trying to convince Michael to invest his tuppence in the bank, but he just really wants to use it to feed the birds. It's a story of balancing work commitments and family commitments.

There is quite a lot of metaphor in the movie, for example "Feed the Birds, tuppence a bag" is a song that Mary Poppins sings, She is singing to the father, in the metaphor the Birds are the children, and she is saying it doesn't cost anything (tuppence) to give your kids love and show them you care.

Mary Poppins and Saving mr banks are two of my favourite movies.

 


This is the only thing I remember from Mary Poppins


You're not going to tell me there's hidden meanings and layered life's lessons there too right?

Served me right for watching Bruce Lee, Jackie Chan and Stallone growing up.

At least I married well as the wife's favourite books and movies include Mary Poppins, Bedknob and Broomsticks or something. A bit more culture and refinement for the kids

Saving Mr Banks was a surprisingly good movie. Can't remember much of it beside Mary being based on a nanny that save her family's with her Colin Farrell's father being sick or drunk. Didn't know the author was Australian.

You've probably seen The Founder. There's a few lessons I took away from it.

There's an upcoming The Current War, staring that Cumberbach guy as Thomas Edison. Looks pretty good.
 
luutzu said:
At least I married well as the wife's favourite books and movies include Mary Poppins, Bedknob and Broomsticks or something. A bit more culture and refinement for the kids
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Lol, I grew with an older sister, so those were staple viewing for me growing up.
Saving Mr Banks was a surprisingly good movie. Can't remember much of it beside Mary being based on a nanny that save her family's with her Colin Farrell's father being sick or drunk. Didn't know the author was Australian.
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Mary came to save the father, as Walt put it "maybe he wasn't saved in life, But we will save him in imagination" Thats why in the Mary Poppins movie the Dad over comes his struggles, mends the kite and lives happily, Unfortunately the real Mr Banks Died.

This ending scene gets me every time, Partly becasue I can relate some of it to personal struggles within both mine and my parents life.



But hey this thread is about the ASX, It won't be to long and we will all be singing this song.

Listen in at the 5.15 Mark for my longterm prediction on the ASX, Kindly presented by Disney's News Boys.
 

You're probably right about the market taking off soon enough. People tend to rush in once the water's fine and rising.

Yea, let's stick to stocks lest we get to the part where your sister braided your hair or you wanting a doll toy too because your sister has one. A boy doll, like Ken, of course.
 
The Dow fell 666 points the 9th biggest one day points loss.
The God Lunatics may find this meaningful

 
If China and Putin are colluding, then a bit of a subtle 'bond buying strike' by the Chinese at the right time could make for some 'interesting,' days ahead!

Stocks aren't yielding that well at these levels and so much credit fueled cheap buy backs have taken place, this could make for an aggressive reversal especially if inflation kicks in from the new player - 'tax cuts.'

It's not too hard to see the toxic cocktail that should fuel high desire for a quick stock market exit with less tax on profits whilst they are still there!

A 40% thumping is not out of the question nor is it that extreme given that would only step us back to the November 2016 elections! It would be like a 40% correction even though technically its a bear at 20.
 
Largest intraday sell off on the DOW in history.
Cracked 50 day moving average with no bids, big panic machines went nuts. Now recovering from that looking for a bottom.
 
There were record inflows into US ETFs in January.
No macro scare on the table unless it's Trump vs the FBI. Do we feel like we want to turn to Trump for a cool hand to guide the ship at this point or renew our faith in the US as the global leader?
On the positive - the 10 year was clipped a fraction!!!
 
There was a 20 point spread on the dax...incredible
 
I've been waiting to post in this thread.

Panic stations everyone. The ASX will be tanking big time today. Let's document the carnage as it happens.
 
Is it time to panic yet?
(Or will this turn out to be just another VI buying opportunity?)
 
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