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The official "ASX is tanking!" panic thread


just to make calculations difficult , now you have inflation , which looks to be beginning to spiral out of control

so those returns need to out-pace inflation and the increased taxes ( either deliberately raised or via bracket creep )

those 30% returns savaged by 75% taxes ( and Medicare levy ) ( because you can bet the government will try to claw that 'easy money ' back ) won't be so easy to live on either

HOWEVER as a member pointed out a brave soul buying CBA @ $5.40 is still doing quite well with franking credits taking some of the bite out of the taxes ( or in my case PME @ 16.5 cents )

one problem with active trading is you need to be at the screen most trading days of the year ( maybe not glued to it , but close enough to check for a new opportunity , regularly )

the CBA shareholder .. looks in the bank account twice a year
 
i can add a 'trigger word ' if you like

say C.... virus , or recession , or maybe .... H....-IN......

conspiracy chatter adds an air of excitement
 
I reckon @Joe Blow should visit with a big stick and magic wand and vanquish all the off topic banterers.
The ASX is NOT tanking, so there is no need to panic.

The conversation had degenerated down to soup vegetables anyway.
 
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I reckon @Joe Blow should visit with a big stick and magic wand and vanquish all the off topic banterers.
The ASX is NOT ranking, so there is no need to panic.

The conversation had degenerated down to soup vegetables anyway.

Not ranking or not tanking? Either way, this thread title is tongue in cheek so I don't think it should be taken too seriously. it's just a way to lighten the mood a bit when the market is tanking, which for most people is an unpleasant occurrence.

But yes, let's discuss the tanking market here and leave other matters for other threads please. If the off topic banter continues I will have to move some posts out of here.
 
Please post more FUD
OK, some leading indicators from the US markets...



Heatmap really gives which direction stocks are taking, which could be relevant to asx tomorrow when it trades.



BTW, I was enjoying the off topic short-term trading vs long term investing debate...

'cause I try to do both and both are hard in the current environment ?
 
i would have thought the trend traders would be doing OK currently , between reporting season and stocks going ex-div. , there should be some swings to be played

that heat map reminds me of the last time i seeded a lawn ( stuff all grass , a few weeds and sun-baked soil all over )
 
Down 2% today on the back of nasdaq futures being down 1%. Looks like we might be heading towards June lows
You could be right. The ASX200 has taken out the critical 6960/40 region with ease in today’s early sell-off.

While the market is likely to see support around the lows from January, a break below here would likely put the June lows back in sight. Should be interesting to see if bulls can regain some control at these levels today, or if bears continue to dominate.

 

Looks the same on XAO support across 7200 ish.

Breakdown may confirm we just saw a bear market rally only.
 
Sounds like a daily Horoscope reading, hahahaha
 
Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it.

Insert sarcastic Homer Simpson voice here...
"Oooh, The market is tanking is it? Oooh, watch me panic!"

View attachment 146242
RE: "Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it".

Love it. I'm going to laminate above & stick it on my toilet door! Lol haha remind me every time that there's always an opportunity in the market 24/7
 
RE: "Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it".

Love it. I'm going to laminate above & stick it on my toilet door! Lol haha remind me every time that there's always an opportunity in the market 24/7
I was thinking same:



current portfolio top performers so far today
sold roughly half BBOZ earlier this morning at $4.21

Other way is obviously options:

so yes, there is always a way to make money but .....
 

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