Australian (ASX) Stock Market Forum

Why all the red?

Joined
27 April 2006
Posts
1,109
Reactions
4
The all ords seems to be very volatile. We go up to almost 5100 then down to under 5000. Then back and forth again and again. So many ppl seem indecisive and a lot of money seems to be sidelined.

most stocks are red across the board. YET look at the dow it is up 60 points. If the dow takes a hit our market always drops. AND now if the dow has a good day our market still takes a hit.

some days it is very frustrating investing, especially when the market reacts in a completely different way to expected. we have given up all the gains over the last couple of weeks.

one step forward two steps back, oh well thats the market.

if this is sept then i dont think oct is shaping up to be very good. i am thinking of liquidating all my stocks then buy back in during oct.

i think the whole market is going to bleed red during oct
 
have a look at the chart from 2003 to early 2006

there is little money to be made in the majors

i think only little specs (e.g. uranium, zinc) can make money now in % terms
 
Halba said:
have a look at the chart from 2003 to early 2006

there is little money to be made in the majors

i think only little specs (e.g. uranium, zinc) can make money now in % terms


I disagree.

Look at what Fosters and Westfield have doen in the past 6 months. (include nice big dividends don't just look at charts).

There's still money to be made from good companies!!
 
cathers_420 said:
The all ords seems to be very volatile. We go up to almost 5100 then down to under 5000. Then back and forth again and again. So many ppl seem indecisive and a lot of money seems to be sidelined.

most stocks are red across the board. YET look at the dow it is up 60 points. If the dow takes a hit our market always drops. AND now if the dow has a good day our market still takes a hit.

some days it is very frustrating investing, especially when the market reacts in a completely different way to expected. we have given up all the gains over the last couple of weeks.

one step forward two steps back, oh well thats the market.

if this is sept then i dont think oct is shaping up to be very good. i am thinking of liquidating all my stocks then buy back in during oct.

i think the whole market is going to bleed red during oct

I think our market will continue to move sideways for at least the next few months within its current trading range.

There are too many darkening clouds on the horizon imo to justify bidding up prices beyond approx 5100 on the XJO.

1) RBA to most likely lift interest rates before the end of the year.

2) Lower growth in US economy

3) Chinese gov't trying to slow down their economy and the fear is that growth could slow to well below the expected ~8% to all the way down to 2%

4) whether the current fall in oil prices will be sustainable.

5) Demand for commodities lessening.

6) Lower growth in our GDP during the next 12 months.

There was a a lot of talk from some hopefuls a few months back saying the commodities boom will continue to roar on indefinitely fueled by demand from China, India etc - but that was never going to happen as many others also said.

:)
 

Attachments

  • xjo weekly.jpg
    xjo weekly.jpg
    71.5 KB · Views: 70
Top