Australian (ASX) Stock Market Forum

Will the XAO decline for 13 consecutive sessions?

Will the XAO make it 13 consecutive declines?

  • Yes

    Votes: 93 75.0%

  • No

    Votes: 31 25.0%
  • Total voters
    124
  • Poll closed .
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dhukka

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It may seem like a simple answer after today's meltdown, however a lot depends on what happens in the overnight session. The US is poised for a big drop but what will helicopter Ben do? We will hear more details about the US government's fiscal stimulus package although that is unlikely to have much effect. Although the Fed is usually in blackout mode this close to an FOMC meeting, given the circumstances, could they possibly come to the rescue with an emergency rate cut? If so, will it even matter? Will the Aussie market make it lucky number 13 tomorrow? Cast your vote!
 
It's going to be crazy.

On the one hand it could crash 500-1000 points but if Helicopter Ben comes out and smacks in an emergency cut the Dow could reverse or pare losses.
 
skating101 said:
hed better not or ill kick his $%#$#% ass im betting alot on the dow plummeting
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The problem there is revealed in your own wording; you're betting a lot. Shorts are nothing more than bets. Bets can, & will lose you know.

I believe it will be down, but I wouldn't bet my shirt on it.
 
If the Fed cuts early or larger than 0.5% they're admitting the proverbial has hit the fan, sure it did long ago but politicians and their ilk must keep up appearances so to speak and try to calm the masses. We get a relief rally for a while and then some bank posts another ridiculous write down, people realise nothing has changed and the downward descent begins a fresh.

Edit: to clarify, yes it will finish down.
 
Nyden said:
The problem there is revealed in your own wording; you're betting a lot. Shorts are nothing more than bets. Bets can, & will lose you know.

I believe it will be down, but I wouldn't bet my shirt on it.
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lol fair enough i think you probably are right but still it must be a pretty nice shirt
 
vishalt said:
It's going to be crazy.

On the one hand it could crash 500-1000 points but if Helicopter Ben comes out and smacks in an emergency cut the Dow could reverse or pare losses.
Click to expand...
OK, Ben cuts, how much will make a difference? 0.5%? 0.75%? Maybe even 1%!?

It's going to take a miracle to reverse a US drop tonight, and I think it will be a similar story to what happened in Asia today, drop right at the start and just keep going down as no-one has the incentive to put their money on the line when there's so much negativity and downward pressure from the huge number of sellers all trying to get out.

On the plus side, a 10% fall will trigger a trading halt on the Dow for an hour... :banghead:

Godspeed to those who had the nerve to invest today.
 
I have to agree - people are panicing in a big way and there would have to be some big money intervention to take it back up. The fed meeting starts at ten, and if the DOW opens on a big fall it will be a great effort to get back up.
 
SPI 200 Futures point to a quote unquote rally of 70 pts :p:

In my opinion though, any gains will be stemmed by a wave of investors still very egar to get out.
 
we've had 12 bad luck days, I think 13 this time will be the lucky number.

Some stocks will rally tomorrow. I wish I know which ones.
 
I was saying on another thread i think there is a possibility that we will be up tomorrow even off a bad DOW night. We have to assume the US is going to be very bad night - they have to after missing the holiday and the world dumping. So the logical follow-on from that is that we will have to have a bad day tomorrow after a very bad US night. So therefore we all believed that even though today's prices were very bad they were going to be even worse tomorrow, so it seems crazy to hold and everyone dumped. But perhaps they overdid it and tomorrow will be up. maybe...:eek:
 
FTSE up now lets see what happens in the US tonight.
Will Ben tonight too give the market a lift ?
Futures saying AUS up tommorrow lets hope so
 
well i can't see a lot of enthusiatic buyers leaping out of bed tomorrow and putting their cash into the stock market. could be wrong
 
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