The worst is yet to come

[krisbarry]

This thread is very active for this time of the morning, must be a few stressed out traders, siting on massive losses

 

[money tree]

look at the chart for XJO Sept 12-20 2001.

 

[chris1983]

This thread is very active for this time of the morning, must be a few stressed out traders, siting on massive losses

I think its mostly people in Perth bumping the thread? We like to stay up late Anyway the DOW finished well IMO. Panic again on the open. Huge losses incurred for some people.. most likely for nothing. This whole thing will settle.

 

[greggy]

I think its mostly people in Perth bumping the thread? We like to stay up late Anyway the DOW finished well IMO. Panic again on the open. Huge losses incurred for some people.. most likely for nothing. This whole thing will settle.

Commonsense advice. I'm debt free and cashed up. I'm using this "correction" to add to my portfolio.
DYOR

 

[money tree]

let me know when dividend yields get back to 8%, until then, be short

 

[CanOz]

In full agreement

I gotta say, you two having civil discussion makes for better entertainment than your arguments.

Cheers,

 

[nioka]

A lot of people playing with little real money but leveraged to the hilt = the derivative market coming unstuck. Not sure on the leverage rate but Its astronomical

Low interest rates and low inflation ATM why is this necessary?. Its not but add a bit of automation and big ego's in control of fantasy levarage that they haven't worked an iota for and any sign of distress and they will squeel.


I will stick to my real stocks, in a real market, driven by real fundamentals with my own money and market forces will come to the fore.....they are to strong in commodities .

Thanks for saying exactly what I would have said, but I decided not to post. But now I have!!!!

 

[Out Too Soon]

Thanks for saying exactly what I would have said, but I decided not to post. But now I have!!!!

Too true, all the same it is happening & we can't complain cause all this fake money = more volatility = better opportunity to make profits.

PS: wish I had my own money to play with not the banks.
PPS: anyone out there want to loan me a cool mill, I dont have the cash to take advantage of present conditions. (quid pro quo!)

 

[nizar]

Commonsense advice. I'm debt free and cashed up. I'm using this "correction" to add to my portfolio.
DYOR

Umm yeh youve said that a few times.
Dunno why though.

Id just like to add that im debt free as well lol

 

[YOUNG_TRADER]

I too have some debt thats free too a good home,

Any takers? :

 

[Halba]

some value here i did an attempted bottom pick on ZFX

reasons:

zinc price solid

dividends

umicore spin out

other m&A

 

[Magdoran]

let me know when dividend yields get back to 8%, until then, be short

I have to say I fully agree with you MT.

Congratulations on your play too. Well done!


Mag

 

[Out Too Soon]

I have to say I fully agree with you MT.

Congratulations on your play too. Well done!


Mag

But when did BHP ever make an 8% div payment?

 

[Magdoran]

But when did BHP ever make an 8% div payment?

My agreement was with the "be short" aspect. Maybe you should direct your question to MT.


Mag

 

[Out Too Soon]

My agreement was with the "be short" aspect. Maybe you should direct your question to MT.


Mag

OK, cool.
So MT when did BHP ever make an 8% div payment?
we could be waiting a looong time

 

[Out Too Soon]

ouch! sorry didn't mean to shout that & didn't get a chance to edit it this time. &^%^()* computers.

 

[nizar]

OK, cool.
So MT when did BHP ever make an 8% div payment?
we could be waiting a looong time

Moneytree was saying that prices need to fall much more to value can be found in the markets.

And in reply to this thread topic - yeah i think the worse is yet to come.

This is such plagiarism from Kennas and GP in the other thread, but i just felt like drawing a chart (for once) and im sure theyll forgive me.

 

[bean]

To the Last reply - that would be true EXCEPT ALL WORLD MARKETS ARE CORRECTING - SUPPORT LEVELS -- IF IT FAILS DOES IT NOT THEN BECOME RESISTENCE --- THE CURRENT TREND FOR WORLD MARKETS ----OURS INCLUDED ---MAY ONLY BE A DAY OR TWO AWAY FROM BEING DOWN - FOR MONTHS OR YEARS

 

[nizar]

To the Last reply - that would be true EXCEPT ALL WORLD MARKETS ARE CORRECTING - SUPPORT LEVELS -- IF IT FAILS DOES IT NOT THEN BECOME RESISTENCE --- THE CURRENT TREND FOR WORLD MARKETS ----OURS INCLUDED ---MAY ONLY BE A DAY OR TWO AWAY FROM BEING DOWN - FOR MONTHS OR YEARS

You may well be right, my friend.
This could be the beginning of the end ie. of the bullmarket.

 

[Out Too Soon]

Moneytree was saying that prices need to fall much more to value can be found in the markets.

And in reply to this thread topic - yeah i think the worse is yet to come.

This is such plagiarism from Kennas and GP in the other thread, but i just felt like drawing a chart (for once) and im sure theyll forgive me.

Thanks NIzar, that graph is very enlightening the result also agrees with what Alan Kohler came up with the other day although he used historic graphs of previous corrections to come up with the same figure, around 5200-5300. The 200 dma looks like something it's worth keeping an eye on.
Every day I learn something new on this forum. I hope my ignorant posts dont upset ppl too much but if I didn't participate I wouldn't learn & this forum is so much better than some of the others out there.