Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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jimmyizgod said:
lol around about the 6th minute he calls Hitler a "charismatic guy"
classy
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This was circulated in an email years ago...probably before email days.

It is time to elect the world leader, and your vote counts. Here are the facts about the three leading candidates:

Candidate A
Associates with crooked politicians, and consults with astrologists. He's had two mistresses. He also chain smokes and drinks quite a few martinis a day.

Candidate B
He was kicked out of office twice, sleeps until noon, used opium in college and drinks a great deal of whisky every evening.

Candidate C
He is a decorated war hero. He's a vegetarian, doesn't smoke, drinks an occasional beer and hasn't had any extramarital affairs.
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Answer here.
http://www.legacee.com/Info/Leadership/Leader_Jokes.html
 
Call it "PANIC" if you like but Im at cash on close or 1 hour before every day at the moment.
I just dont like the world wide situation ATM and only trade on good days :)
Today I made 1 trade with minor gains but atleast im now at full cash until Monday if crap goes down over the weekend im ready to take advantage of it.
My :2twocents
 
LifeChoices said:
I'm adjusting my seat belt. Next week doesn't look nearly as peachy as last week - how low will we go - joe blow?
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So whats your strategy. Do moves down cause fear or excite you. If the market rallied 500 points would you cheer? If it crashed 500 points would you be upset?

I prefer to have a strategy that welcomes both falls and rises. Either way I am happy?
 
Tysonboss1 said:
So whats your strategy. Do moves down cause fear or excite you. If the market rallied 500 points would you cheer? If it crashed 500 points would you be upset?

I prefer to have a strategy that welcomes both falls and rises. Either way I am happy?
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I'm using the same money since 2004 in the market. I'm still down, but I'm on a steep learning curve and am determined to beat the market now. I've been taking advantage of the volatility, and have been clawing some money back in recent months. I am less emotional now about stocks, and am trading far more.

Moves down excite me as much as it strikes fear into my core. If the figures look too bad on a particular day, I'll head out for a surf.

If the market crashed 500 points tomorrow I think I'd be happier than if it went sideways for the next two years - as it has done. Besides I'd like to test my hedge bets.
 
Jobs report in US was pretty much as bad as could have been expected.
And over there in Europe, that almost looks like a fricken collapse!
Our father who art in heaven, hallowed be thy n........
 
It is, however, a good time for the US governent to sue all the US banks! Don't you think?:eek:
That's what the people need! 'Their' banks sued!
How about sueing the dick heads running them!
 
LifeChoices said:
I'm using the same money since 2004 in the market. I'm still down, but I'm on a steep learning curve and am determined to beat the market now. I've been taking advantage of the volatility, and have been clawing some money back in recent months. I am less emotional now about stocks, and am trading far more.

Moves down excite me as much as it strikes fear into my core. If the figures look too bad on a particular day, I'll head out for a surf.

If the market crashed 500 points tomorrow I think I'd be happier than if it went sideways for the next two years - as it has done. Besides I'd like to test my hedge bets.
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I trade very little, I know the "traders" will disagree, but I don't believe in the gin rummy approach to business, I think of the the companies I own a shares of in the same way I think of the businesses I own 100% of.

What my family business could sell for on any minute of any day is not a concern to me, and neither is what a company I own shares in, except if I decide to either buy out one of my partners because the price is low and I happen to have some cash, or he offers a crazy high price.

What I do care about is the results of the company and how is performing, not the day to day price.

I spend my time thinking about the future of the businesses, and working out a price I can pay to be sure it will work out as a decent investment, and if some one decides to sell part of the business at that price I may take some.
 
notting said:
Jobs report in US was pretty much as bad as could have been expected.
And over there in Europe, that almost looks like a fricken collapse!
Our father who art in heaven, hallowed be thy n........
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LifeChoices said:
I've got a gut feeling that this thread will be back on top - where it belongs - next week?
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http://www.businessweek.com/news/20...s-report-shows-u-s-jobs-growth-stagnates.html

Above link said:
report showed the U.S. economy added no jobs last month and the unemployment rate held at 9.1 percent.
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Standing still is not a decline...the uncomfortable will sell and the comfortable will exchange their money for the holdings of the weak...next Fridays US close will be higher than this Fridays close. :2twocents

Fundamentally 9.1% at this point in the recovery is to be expected and no big deal.
 
Tysonboss1 said:
I trade very little, I know the "traders" will disagree, but I don't believe in the gin rummy approach to business, I think of the the companies I own a shares of in the same way I think of the businesses I own 100% of.

What my family business could sell for on any minute of any day is not a concern to me, and neither is what a company I own shares in, except if I decide to either buy out one of my partners because the price is low and I happen to have some cash, or he offers a crazy high price.

What I do care about is the results of the company and how is performing, not the day to day price.

I spend my time thinking about the future of the businesses, and working out a price I can pay to be sure it will work out as a decent investment, and if some one decides to sell part of the business at that price I may take some.
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I am also a long term investor and I'm with you.

I can hardly wait for the markets to come down. I've been accumulating my dividends in my UBANK account just waiting for the dip so I can add to my portfolio. Buying good quality stocks when everyone else is selling them cheap is something that has paid off for me very well in the past.

Just did a search for a 5 year term deposit, the best you can get right now is 6.38%, interest rates are coming down. In the meantime blue chip stocks get cheaper and their dividends get higher. On the last dip I bought SVWPA for $86 with a gross divi of 12%.

I am hoping for a dip to 3800 but if the lower prices don't materialise then I can still buy the ANZ CPS3 IPO which I have a firm allocation for, cheers.;)
 
So_Cynical said:
Standing still is not a decline...the uncomfortable will sell and the comfortable will exchange their money for the holdings of the weak...next Fridays US close will be higher than this Fridays close. :2twocents

Fundamentally 9.1% at this point in the recovery is to be expected and no big deal.
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Well actually no, it's not expected, at this point in the 'recovery'. It (the unemployment rate) should be a lot lower, if going by past 'recoveries'?

EmployRecessAug2011.jpg

If you do some research into the 'birth/death' ratio you can see that a lot of the employment statistics for several qtrs have most likely overstated employment and that there probably has been a continuing decline in employment. And that's just for the U3 figure. What yo need to look at is the U6 -

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work.
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U6 rate.png

So good luck with your call for next week..................:D
 
Uncle Festivus said:
Well actually no, it's not expected, at this point in the 'recovery'. It (the unemployment rate) should be a lot lower, if going by past 'recoveries'?
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If it wasnt expected that employment would most probably remain flat for august, then who was expecting it to increase ?
 
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