Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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None of this is even on the radar of any of my clientele at this stage.... Inflation and interest rates yes, but the deeper implications hasn't even entered their head yet.

What this means is that we are nowhere even close to a contrarian buy signal and there is still massive potential or downside.
 
Garpal Gumnut said:
It has a way to go.

Banks wildly overvalued with known unknowns.

gg
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wayneL said:
None of this is even on the radar of any of my clientele at this stage.... Inflation and interest rates yes, but the deeper implications hasn't even entered their head yet.

What this means is that we are nowhere even close to a contrarian buy signal and there is still massive potential or downside.
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Yes, we haven't had a bank scare yet.
i remember when Westpac were on the ropes.

In the USA where regulations were slackened again its only a matter of time.
And what about Italy, Spain etc?
 
Knobby22 said:
Yes, we haven't had a bank scare yet.
i remember when Westpac were on the ropes.

In the USA where regulations were slackened again its only a matter of time.
And what about Italy, Spain etc?
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yeah i do remember back in the day there was the greece default and euro contagion worry. PIGS nations i think they call em. Those guys are already bankrupt. Would be interesting to see what happen with the war, inflation in europe. The ECB cannot afford to raise rates at all.
 
I really don't see what all the panic is about.

To quote that great Australian cricketer who scored as much off the pitch as on, including with two or ten Royals.

I'll tell you what pressure is. Pressure is a Messerschmitt up your arse. Playing cricket is not.
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It is the same with the market.

These times will pass and @Jezwanko will be spruiking some godawful scheme again. I wonder what Jezwan's second name is?

gg
 
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Well, I know where the next 12 months' outgoings are going to be sourced, (hint; mainly a bank a/c and some predictable dividends) so unless it's all over, I'm going to sit and watch. Debt is not an event any more.

Not pretty at present, and I can't see buying the dips as a strategy just yet.
 
From the comments on the ABC this is no time to be buying into the dips. I think sentiment has changed markedly. We are yet to see the full financial/political/social fallout from the last 3 months of war in Ukraine. Can certainly predict a number of business failures as economic conditions tighten.

www.abc.net.au

ASX 200 3.6pc down after recession fears wipe tens of billions from share market — as it happened

The Australian share market has plunged on global fears of rising interest rates in the US. Business reporter Sue Lannin unpacks what it all means.
www.abc.net.au www.abc.net.au
 
If it’s cash I am holding for a specific purpose like paying my self a wage, tax reserve or some other specific short term savings I use Plenti.

With Plenti you can put money away in either 1 month market, 3 year market or 5 year market.

It gets paid back to you as monthly principle and interest payments, which is good for funding your weekly “pay check”.
 
basilio said:
From the comments on the ABC this is no time to be buying into the dips. I think sentiment has changed markedly. We are yet to see the full financial/political/social fallout from the last 3 months of war in Ukraine. Can certainly predict a number of business failures as economic conditions tighten.

www.abc.net.au

ASX 200 3.6pc down after recession fears wipe tens of billions from share market — as it happened

The Australian share market has plunged on global fears of rising interest rates in the US. Business reporter Sue Lannin unpacks what it all means.
www.abc.net.au www.abc.net.au
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ABC Finance has gotta be the biggest contrarian indicator tho, as soon as something like this makes it to the front page you should probably fade it.
 
basilio said:
From the comments on the ABC this is no time to be buying into the dips. I think sentiment has changed markedly. We are yet to see the full financial/political/social fallout from the last 3 months of war in Ukraine. Can certainly predict a number of business failures as economic conditions tighten.
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InsvestoBoy said:
ABC Finance has gotta be the biggest contrarian indicator tho, as soon as something like this makes it to the front page you should probably fade it.
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Front cover of The Economist or , especially, Time Magazine have set that bar very high.
 
basilio said:
From the comments on the ABC this is no time to be buying into the dips. I think sentiment has changed markedly. We are yet to see the full financial/political/social fallout from the last 3 months of war in Ukraine. Can certainly predict a number of business failures as economic conditions tighten.

www.abc.net.au

ASX 200 3.6pc down after recession fears wipe tens of billions from share market — as it happened

The Australian share market has plunged on global fears of rising interest rates in the US. Business reporter Sue Lannin unpacks what it all means.
www.abc.net.au www.abc.net.au
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InsvestoBoy said:
ABC Finance has gotta be the biggest contrarian indicator tho, as soon as something like this makes it to the front page you should probably fade it.
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I wouldn't send any of the ABC Financial Team down to the corner store to buy me a pack of Winnie Blues. They's probably get short-changed.

There are no experts in this scenario. Except perhaps one of the little old ladies on a Zimmer frame outside Coles.

This is a mob rioting. I was in a few of them in my teen years and unless the wallopers come in and wallop hard to restore order it is impossible to know when everyone will go home. The US Fed are a mob of impotent old men, and the Central Bank here are little better.

It all may fizzle out or we could go to perdition. Making money at the moment is for people sitting on their a***s on TV talking about it. I don't watch television though I would if they got some good looking sorts appropriately attired discussing stocks.

gg
 
Garpal Gumnut said:
The US Fed are a mob of impotent old men, and the Central Bank here are little better.
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But they can control the interest rate and the money printing, even if they do miss the target more often than not. It is an inexact science (/theory) after all.
Nothing like this happened when Trump was the US President (but I might be feeling a little sarcastic).
 
Telamelo said:
Couldn't agree more as hoping we have "an end of the world panic double digit" down day!
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Two quotes from the wacky world of new money:
“Worst day I’ve had since I started trading” said one.
“Worst day you’ve had so far,” was the helpful response.
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Welcome!
“Today’s gonna be one of those days where it gets its own name,”
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I don't think so. A mere sniffle
 
Garpal Gumnut said:
There are no experts in this scenario
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well the commentators i take the most notice of , have been saying 'uncharted waters/territory ' for about two years , some as early as 'Repo Madness ' ( September 2019 )

so maybe the experts in this scenario are the ones that are declaring they DON'T know what happens next ,
i mean in 2019 who could have predicted the current money-printing plague AND very low interest rates AND lowered lending standards
 
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