Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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banco said:
Italy isn't looking too healthy. It's bond yields are blowing out and the news isn't even that bad yet.
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Ah yes, and Aussie Stock Forums is behind in the very important stock voting competition.

Runs for a few months and you can vote at http://www.thebull.com.au/the_stockies/forums.html

No need to panic yet, but even being a bit behind is worrying, sleepless nights.

:aus: Aussie Stock Forums :aus: needs you guys - thanks
 
noirua said:
Ah yes, and Aussie Stock Forums is behind in the very important stock voting competition.

Runs for a few months and you can vote at http://www.thebull.com.au/the_stockies/forums.html

No need to panic yet, but even being a bit behind is worrying, sleepless nights.

:aus: Aussie Stock Forums :aus: needs you guys - thanks
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Voted again for ASF, which is now almost 14% more popular than HC. KUTGW! :D
 
banco said:
Italy isn't looking too healthy. It's bond yields are blowing out and the news isn't even that bad yet.
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No worries. The 1trill fund will take care of that.

Markets are celebrating! Yeehaw.

Time to enjoy the ride until the next shocker comes :)
 
Chasero said:
No worries. The 1trill fund will take care of that.

Markets are celebrating! Yeehaw.

Time to enjoy the ride until the next shocker comes :)
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Didn't you sell all your stocks, how you going to enjoy the ride with no stocks.

Do you regret letting yourself get freaked by the market girations.
 
A good friend of mine just returned from Europe. He said that the fear in Italy is widespread. TV is streaming crisis news 24/7.
Just a bit of information I thought was interesting.
 
alexc2005 said:
Are you implying that everything is now fixed?
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No, But I don't agree Everything was broken to begin with.

As I have said many times, I have no idea what the share market will do inregards to various news items as they come out, But I am extremely bullish on the world economy longterm, and I am extremly bullish on the australian economy, and extremely bullish on the companies I hold.
 
Chasero said:
Markets are celebrating! Yeehaw.
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That highlighted part is the most worring part of your statement.

It seems you haven't learned much, this is just another high on the emotional rollercoaster you ride on.

You need to have equanimity when dealing with your investments, other wise you will live in a constant state of either fear or euforia and will be tempted by speculation and put money in at the wrong times and pull it out at the wrong times.

Equanimity is a state of mental or emotional stability or composure arising from a deep awareness and acceptance of the present moment. Equanimity is the concept of balance and centeredness which endures through all possible changes in circumstances, Equanimity does not mean sitting around inactive while things are happening, or escaping from the world, or suppressing one's feelings. Equanimity is operating from the state of supreme watchfulness without an iota of attachment or aversion. ….. A mind of equanimity is an original pure mind free from all suppression, fear, dullness and ignorance.
 
VSntchr said:
A good friend of mine just returned from Europe. He said that the fear in Italy is widespread. TV is streaming crisis news 24/7.
Just a bit of information I thought was interesting.
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Never forget the silliness of crowds, there was a herd of cattle that stampeded off a cliff because one was spooked by a snake, There were also several people killed when a crowd rushed for the exits after some pirotechnics set of a smoke alarm.

Similar things happen in the markets.
 
Tysonboss1 said:
No, But I don't agree Everything was broken to begin with.

As I have said many times, I have no idea what the share market will do inregards to various news items as they come out, But I am extremely bullish on the world economy longterm, and I am extremly bullish on the australian economy, and extremely bullish on the companies I hold.
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thats alot of bulls tyson - please define long term:)
 
young-gun said:
this market is tiring me...might head to the casino. prob better chance of me making money their atm:rolleyes:
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Not too sure about the casino young-gun, but you are on the money by staying away from this market.

It is rising and falling on the news media and who can who paint each other the blackest. And there are good fundamental reasons for that. The money printing and competition to keep each individual currency the lowest is all going to end very bad and soon.

And anyone who is not up with the reasons for that is in dreamland.
 
explod said:
Not too sure about the casino young-gun, but you are on the money by staying away from this market.

It is rising and falling on the news media and who can who paint each other the blackest. And there are good fundamental reasons for that. The money printing and competition to keep each individual currency the lowest is all going to end very bad and soon.

And anyone who is not up with the reasons for that is in dreamland.
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i was always of the opinion collapse was inevitable...and perhaps it still is.. but they're doing a dam good job in trying to hold it off. they seem to be winding up the boot and taking their can kicking abilities to new heights with every passing day..will it never end?
 
Tysonboss1 said:
Didn't you sell all your stocks, how you going to enjoy the ride with no stocks.

Do you regret letting yourself get freaked by the market girations.
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I jumped off the bandwagon (with capital losses) and have invested some back in.

Please note people were telling me to sell CBA at $42 on this thread but I held and sold it at $46.. which was only a few % less than what I bought it for. Note, this was at a time of HUGE market panic! I am now very green for the year! (And now realise I shouldve held CBA and BHP, doh! Would've been an even better month for me)

So even as I seem to panic or shout out on these threads, as a trader I have learned to become less emotionally invested.

I don't regret it one bit as I learned a lot about myself and trading so to never repeat that again.

That was the first time I've seen my investments be more than 5k in the red so I think I have handled it pretty well!!
 
young-gun said:
thats alot of bulls tyson - please define long term:)
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every one has a different idea of the definition of short term, medium term and long term.

Personally I would call,

short term less than 1 year
Medium term 1 - 3 years
long term 3 - 40 years

In relation to my comment above, I believe in 12 months the share market will be higher than it is now close to if not above 5000 points, But as I said shorterm I could be wrong.

But within 5 years I can't see it being below the peak before the GFC, it will be higher
 
Tysonboss1 said:
No, But I don't agree Everything was broken to begin with.

As I have said many times, I have no idea what the share market will do inregards to various news items as they come out, But I am extremely bullish on the world economy longterm, and I am extremly bullish on the australian economy, and extremely bullish on the companies I hold.
Click to expand...

Extremely bullish on what data? A lot of hope there but not much (none?) hard factual data??

Tysonboss1 said:
But within 5 years I can't see it being below the peak before the GFC, it will be higher
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Sorry to disappoint but the GFC is still going on. What we have seen is the result of debt funded stimulis. Only problem is it hasn't worked - the global economy is flatlining at best.

Then there's a small issue with Europe, Japan & the US insurmountable debt problems - simple primary school maths can work those figures out eg money coming in must equal money going out, otherwise = deficit.

An updated 'Jaws Of Death' for those that know....the US deficit

US deficit 201111.jpg
 
Uncle Festivus said:
Extremely bullish on what data? A lot of hope there but not much (none?) hard factual data??



Sorry to disappoint but the GFC is still going on. What we have seen is the result of debt funded stimulis. Only problem is it hasn't worked - the global economy is flatlining at best.

Then there's a small issue with Europe, Japan & the US insurmountable debt problems - simple primary school maths can work those figures out eg money coming in must equal money going out, otherwise = deficit.

An updated 'Jaws Of Death' for those that know....the US deficit

View attachment 45075
Click to expand...


ahh but it has worked uncle festivus, it has held the states just above the point of total collapse for some time now;) causing their dollar to become increasingly less valuable as time passes. for their sake i hope they dont push QE3..... who am i kidding.. there will be qe3
 
Tysonboss1 said:
every one has a different idea of the definition of short term, medium term and long term.

Personally I would call,

short term less than 1 year
Medium term 1 - 3 years
long term 3 - 40 years

In relation to my comment above, I believe in 12 months the share market will be higher than it is now close to if not above 5000 points, But as I said shorterm I could be wrong.

But within 5 years I can't see it being below the peak before the GFC, it will be higher
Click to expand...

Time and time again on these threads Tysonboss1 you say that you believe the share market will be higher in 12 months,

but you never qualify it with why.
 
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