The official "ASX is tanking!" panic thread

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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• 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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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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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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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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wayneL said:

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?

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divs4ever said:

i did SOME buying , but still have some cash left

good luck

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Rabbithop said:

What a world we live in.

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Rabbithop said:

It's May now, October is 5 months away. You could be right. Bumpy rides in the wide Ocean.

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eskys said:

Is the world flat, rabbithop? Will we fall over the edge riding bumpy waters?

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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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