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The official "ASX is tanking!" panic thread

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well a lot of stuff ( but not all ) is still over-valued , and now inflation is thought to be rising , those counting on div. returns are going to want a bigger bang for their buck

and if Australia starts shedding jobs .. there goes that super-fund investment momentum ( and SOME funds LOVE to short-sell or at least lend shares to short-sellers )

cheers
 
divs4ever said:
so , will 7000 hold today ( for the XJO )

if the XJO closes below 7000 , it runs the risk of becoming the new resistance ( ceiling )

will need to stay below 7000 for a few days , but making a new record high look less likely in the near term
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Will need to drop 120 to reach 7000. SPI currently down 99. SP 500 broke 4000 last night
 
ASX futures down 99 points or 1.4 per cent to 7003

  • AUD -1.8% to 69.50 US cents
  • Bitcoin on bitstamp.net -8.3% to $US31,695.11
  • On Wall St: Dow -2% ; S&P 500 -3.2% ; Nasdaq -4.3%
  • In Europe: Stoxx 50 -2.8% FTSE -2.3% CAC -2.8% DAX -2.2%
  • Spot gold -1.4% to $US1858.46 an ounce
  • Brent crude -5.9% to $US106.19 a barrel
  • US oil -5.5% to $US103.28 a barrel
  • Iron ore -5.5% to $US131.35 a tonne
  • 2 year yield: US 2.59% ; Australia 2.72%
  • 5 year yield: US 2.95% ; Australia 3.24%
  • 10 year yield: US 3.03% ; Australia 3.56% ; Germany 1.09%
 
divs4ever said:
well a lot of stuff ( but not all ) is still over-valued , and now inflation is thought to be rising , those counting on div. returns are going to want a bigger bang for their buck

and if Australia starts shedding jobs .. there goes that super-fund investment momentum ( and SOME funds LOVE to short-sell or at least lend shares to short-sellers )

cheers
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I don't think this is it... YET.

But I do maintain my earlier thesis that IT will be this year.

Perhaps the traditional October crash?
 
I had my ' capitulation moment yesterday. . You know the one when it's "sell everything or start to look to buy?" . In the end I sat it out
 
Dona Ferentes said:
I had my ' capitulation moment yesterday. . You know the one when it's "sell everything or start to look to buy?" . In the end I sat it out
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I should have just sold out of all three portfolios. Got out of 2, weeks ago with the jitters (left the Cap Notes intact) The third plane is now too close to the ground for me to eject, i'll probably hit the ground dead if the plane decides to ascend from here. (thinking along the lines of blue chips are ok, they pay a dividend, is a massive mistake investors make in bad times, my opinion only of course, not criticising anyone) I'm down 6k in that small portfolio. Very thankful got out of company's account. Had I not, I would have gotten an earache! Good luck everyone, we need it.
 
divs4ever said:
well a lot of stuff ( but not all ) is still over-valued , and now inflation is thought to be rising , those counting on div. returns are going to want a bigger bang for their buck

and if Australia starts shedding jobs .. there goes that super-fund investment momentum ( and SOME funds LOVE to short-sell or at least lend shares to short-sellers )

cheers
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What a world we live in.
 
eskys said:
Is the world flat, rabbithop? Will we fall over the edge riding bumpy waters?
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Wouldn't know the answer, is the World Flat or Round.
I am just afraid of drowning to death, no swimming skill.
Was always afraid of ridding on a small boat until my Alaska experienced on a huge Cruising ship..enjoying my warm cuppa n standing on the balcony savoring God's Creation. All worries disappeared.
My conclusion ...still afraid of falling into the Deep vast Ocean. Thank Goodness, I am standing on a huge cruiser so sit tight n go with the rocking.
 
Oops, sorry, rabbithop, I didn't know you're in fact cruising. No, the world is round, you have a great time.....no overboard, underwater, etc......safe as cash in the bank, happy holidays!
 
Rabbithop said:
Wouldn't know the answer, is the World Flat or Round.
I am just afraid of drowning to death, no swimming skill.
Was always afraid of ridding on a small boat until my Alaska experienced on a huge Cruising ship..enjoying my warm cuppa n standing on the balcony savoring God's Creation. All worries disappeared.
My conclusion ...still afraid of falling into the Deep vast Ocean. Thank Goodness, I am standing on a huge cruiser so sit tight n go with the rocking.
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well .. Russia doesn't want Alaska back ( they sold it to the US over 100 years ago ) you might be in the safest place on Earth
 
Could it be this, Mohammed? If you have any news, would be grateful if you can share it here, thank you. By the way, welcome to the forum

Data on China's economy fall short of Bloomberg consensus. Industrial production -2.9% YoY (survey: +0.5%), retail sales YoY -11.1% (survey: -6.6%), property investment -2.7% (survey: -1.5%).
 
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