The official "ASX is tanking!" panic thread

[Struzball]

What are you expecting him to say/fix?

Obama To Announce Eurozone Bailout

Would that help?

 

[Suers]

.....back to the Title subject...

Overnight euro slump -

DAX -5.28%
STOXX 50 -5.11%
FTSE MIB -4.83%
CAC -4.73%
FTSE -3.58%

US DOW futures -203pts

AUS SPI200 futures -52pts

Have a nice day

You have a nice day too it's beautiful outside.

 

[Aussiejeff]

Obama To Announce Eurozone Bailout

Would that help?

Obama To Announce Resignation From Presidency

Now, THAT would see a bounce on Wall St...

 

[notting]

It's interesting what Euroland thinks of itself when there is no lead from Wall Street.

 

[tech/a]

It's interesting what Euroland thinks of itself when there is no lead from Wall Street.

Why?

Its got bigger problems than the US.
Well perhaps not. but they have bankrupt "States" (Countries)
Where as the US is insolvent.

 

[lenny]

It's interesting what Euroland thinks of itself when there is no lead from Wall Street.

Yeah looks like the euroland are moving into bear markets, CAC-28%,DAX-30% off its highs with the FTSE no far behind either.

Million dollar question is will we follow.?

 

[notting]

Why?

Its got bigger problems than the US.
Well perhaps not. but they have bankrupt "States" (Countries)
Where as the US is insolvent.

True their problems are bigger, especially if Greece is not fullfilling it's agreaments. That means you cannot trust the Greeks even if a Eurobod is created. What's interesting is how Euroland is still influenced so much by the US even though they are bigger and in more strife.

 

[notting]

Hard to fathem why banks are out performing materials after what happened in Euroland last night. What are they expecting an interest rate cut?

 

[Knobby22]

There is no real volume, sp should start rising soon.

 

[Wysiwyg]

There is no real volume, sp should start rising soon.

Well spotted.

 

[skc]

There is no real volume, sp should start rising soon.

We should most likely range between now and the rates announcement at 2:30pm.

I think I'd take a nab 'till then.

Hard to fathem why banks are out performing materials after what happened in Euroland last night. What are they expecting an interest rate cut?

A few REITs are also looking stronger than usual so it's not impossible...

It won't be a good sign for the rest of the world, however.

Just look at the sort of signal Brazil sent with their unexpected rate cut.

 

[Chasero]

10% chance RBA will cut interest rates?



Heck, even if rates are on hold doubt the XAO will move past 4,000 today.

 

[Aussiejeff]

Wot?

AOX only down 1%?

We snicker in the direction of Euroland....

 

[Chasero]

Wot?

AOX only down 1%?

We snicker in the direction of Euroland....

Everyones waiting for 2:30 it seems..

 

[vkdirector]

No change from the RBA

 

[tech/a]

There is no real volume, sp should start rising soon.

Thats no demand and the market has come off a bit.
This is really weak.

No reaction as expected to Interest rates.
Already factored.

Mind you at least Aus isnt broke

Only BROKEN-- politically

 

[Tysonboss1]

Mind you at least Aus isnt broke

Only BROKEN-- politically

Which ones worse?

 

[skc]

Thats no demand and the market has come off a bit.
This is really weak.

No reaction as expected to Interest rates.
Already factored.

Mind you at least Aus isnt broke

Only BROKEN-- politically

I think there was a faint hope.. sort of the un-written expectation.

We are now ready to fall a more meaningful percentage commensurate of the European markets.

 

[notting]

I was shorting the banks during that drift up over lunch.
It's made me feel much better, generally!
However, US futures are very unreliable after a long weekend.
They could still rally toward the end of the night.
I'll feel more comfortable if we do not tick up at the close and stay below 4100 at the close.

 

[Tysonboss1]

I thought we would have been down more today after the euro bleeding,

Oh, well there is always tomorrow,