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The official "ASX is tanking!" panic thread

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2012 doesn't have to be the end. I was in a sense agreeing with you.
A time for(of) change indeed
 
VSntchr said:
2012 doesn't have to be the end. I was in a sense agreeing with you.
A time for(of) change indeed
Click to expand...

Apologies, misinterpreted!

Most people, in my experience most people think that the 2012 prediction means the end of world or the end is nigh sort of stuff. :bier:
 
I reckon that one of the main reasons we wont see a 29 style crash/depression is simply because of China...and the fact the the top 500 or so political elite have no where else to go if it fails, their life's literally depend on the world not falling over.

If the world falls...China falls and revolution will almost certainly follow with many a chauchesku ending for the political elite and they simply wont let that happen, simplistic i know but there it is.
 

Purely IMO ... but I think people are crazy to compare crashes now to past events in percentage point terms.

Id be more curious what kind of PE ratios the indexs were trading at pre 1929 crash, and what they were trading at at the bottom of the second drop. Also the GFC 08-09 in comparison to the 2011 correction in terms of PE ratio's at the precipice and the bottom.
 

what is wrong comparing crashes? people around here seems to think that because something happened 100 years ago it can't happen again... guess what? The market is still the same emotional beast it has always been.

Ratios for the S&P 500 below, this only goes up to 2009, but the PE before the second drop was about 20.

 
Just saw the figures coming out of Europe, it's not looking pretty. Seems like it's just been edging down there for weeks.

Fasten your seat belts looks like plenty more turbulence is on it's way with some more of those big drops.
 
LifeChoices said:
Just saw the figures coming out of Europe, it's not looking pretty. Seems like it's just been edging down there for weeks.

Fasten your seat belts looks like plenty more turbulence is on it's way with some more of those big drops.
Click to expand...

Yes FTSE short was very nice for a couple of hrs.
quick 500 £

Time for tea life and its turning.



Should be taking advantage of this.PPLs
 
Yup I would say this thread will be getting plenty of action in the morning I would assume
 
Oh dear. Time to drag out those Split Enz lyrics - again...

"I see red, I see red, I see red
How can someone wicked walk around free
I see red, I see red, I see red
I see red, Ooh I see red"

Shocking US data last night. Home sales tanking. CPI zooming. Philly Fed economic activity index sunk without a trace. Man the lifeboats!!!
 

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You live a bit further north than I Aussiejeff, can you see if the sun is coming up yet.
 
into the 3000's for us today i fear, people won't want to leave their money in over the weekend.......:horse:
 
"should I stay or should I go now? Should I stay or should I go now? If I go there will be trouble. If I stay there will be double. So you gotta let me know. Should I stay or should I go?".

There's trouble a brewin not sure, If I wanna be a part of the market.Might be pullin out.The cat looks like its about to plummet.
 
Ah, today will be interesting.

Futures down 100 points, dow down 420 points.

Dead cat bounce?

Either way it seems i didn't learn my lesson.

It's all interesting to watch though .

Good luck today peoples.
 
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