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Historically, crashes tend to occur in OCT.
Looks like history repeats itself, once again
Looks like history repeats itself, once again
The official "ASX is tanking!" panic thread
- Thread starter RexBudman
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- asx asx tanking panic
skc
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Market sentiment is market sentiment and there is no right or wrong per se.
Market prices are not always right that's for sure.
But my point was that the 'Stocks for sale' analogy is misleading as it assumes the products are the same, leaving people ignorant of the fact that fundamentals have changed.
The commodities are absolutely hammered tonight... all the miners will be "On Sale" tomorrow. But is that miner still getting the same income?
wayneL
VIVA LA LIBERTAD, CARAJO!
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Corrected
And as we will all know by now, so is the US.
Panic officially reinstated?
Naaah. What "crash"? HUGE 136pt rebound in DOW in the last 45 mins. WAS down 527pts....
SPI 200 only down 75pts.
AU$ recovered back to US$97.6c
What's to worry about?
Oh yeah.... the bus-sized satellite "crashing" back to planet Mirth in the next 48 hrs or so. Now isn't that the ultimate irony?? "The sky's falling....!!!" - blame it all on the space junk!
wayneL
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Nobody gives the PPT any kudos any more.
It got changed to 'The Presidents Working Party To Fix Everything' - right on Q as per directive - very rarely does the DOW stay below the magic figure of -400 on the day, ie always gets mysteriously bid back up? When even this fails they/we are in big trouble.......?
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Forget the Pres....
What The World Needs Now Is.....
[size=+2]Wayne Swan - World's Best Treasurer![/size]
Imagine how much better off we would all be if he was invited to run the World economy?
*sigh*
wayneL
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Forget the Pres....
What The World Needs Now Is.....
[size=+2]Wayne Swan - World's Best Treasurer![/size]
Imagine how much better off we would all be if he was invited to run the World economy?
*sigh*
Yay!
Stimulus cheques for all!
:
skc
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Corrected
And as we will all know by now, so is the US.
Panic officially reinstated?
wayne stop downramping the market... state your intent. Why are you posting here? You don't even hold any stock. You are just talking down the market so you can buy some cheap shares. Were you the one who told Bernanke not to print that $1T we need?
Everybody just need to hold tight. You only realise a loss when you sell. If you never sell, and leave the shares to your children, you will never realise a loss in your lifetime (and your children own the shares at a much lower capital cost).
Oh yeah.... the bus-sized satellite "crashing" back to planet Mirth in the next 48 hrs or so. Now isn't that the ultimate irony?? "The sky's falling....!!!" - blame it all on the space junk!
I am even more confident today than ever, that the Martians are coming to bail us out.
Any moment now. May be they are hitching a ride on that crashed satellite...
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US/ Euro Treasury's can't fix this as they are all out of cash (with the odd exception such as Germany who are not going to spend their savings to bail out another counrty without a fight) and tools such as bonds etc have been massaged to do what they can but they are done now. USA are flat out fixing their own backyard so Eurozone is on its own (hey that rhymes).
Now it is up to Govt's to change and provide a solution so we are in for a world of hurt until they show some leadership and a solution. It will take at least a year for any potential solution to prove itself so cant see anything other than the ongoing +/- 3% swings that we have been seeing for a while now once everyone swallows the news and stops selling everything they own.
Totally 100% cash and wondering what sector to look at first for a short term bounce, any suggestions?
wayneL
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Actually, I do.
I am using options around a base holding in a share accumulation strategy.
I have long since extracted my original capital and building holdings as opportunity arises.
Not that they'll be worth anything...
tech/a
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Shorts!!!
Been advocating that strategy for months.
Just look for corrections to resistance.
wayneL
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That would be nice, They say a change is as good as a holiday
.I have long since given up on predicting the daily direction, anything I say would only be a guess, But I am right 50% of the time
.So far I have 1 green, "please sir, can I have some more"
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Haha! I love this thread. It puts a smile on my face during these dismal times.
Skc - My kids aint getting squat - got none. The only one who will realize a loss is me, IF I sell - which I won't
We need Swan and some Geese...
Skc - My kids aint getting squat - got none. The only one who will realize a loss is me, IF I sell - which I won't
We need Swan and some Geese...
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Zilch
While remote, I wouldn't say zilch at this stage, going to depend on how Asia decides to play today.
The price action isn't as promising as I would have hoped, was looking so a stepping stone trend but so far the SPI keeps getting beat down at resistance at 3930. If we can break that area with the help of Asia we are a chance imo.