XAO Banter Thread

[Wysiwyg]

Low growth or no growth, with IR's lowest in history not even working, world deflation has arrived and I expect in the next year or so we will be in a recession.

For once I agree there is some truth in your eternal pessimism. Company outlooks tending to drift worse.

 

[satanoperca]

For once I agree there is some truth in your eternal pessimism. Company outlooks tending to drift worse.

There is a difference between pessimism and realism. I work on the later, plus always had more success being a short seller, but for the last few years have focused on business development instead.

 

[notting]

Simply an amazing rally consider, first a slow down in US manufacturing, then a disappointing services number pointing to less global growth. Then a massive resource rally simply on the back of a weakening US $ :screwy:

Really if the fed doesn't hike so hard, it's simply not going to make that much difference and with the US$ slightly weaker against the OZ is not good for our export margins, terms of trade!!! Remember?. :nuts:

Short squeeze.

 

[skc]

Simply an amazing rally consider, first a slow down in US manufacturing, then a disappointing services number pointing to less global growth. Then a massive resource rally simply on the back of a weakening US $ :screwy:

Really if the fed doesn't hike so hard, it's simply not going to make that much difference and with the US$ slightly weaker against the OZ is not good for our export margins, terms of trade!!! Remember?. :nuts:

Short squeeze.

Haven't seen a day like these for some time. The materials sector was quite depressed, but still, almost every major resource company was up 8-14%. Just stunning.

I wonder if there'd be some hangover tomorrow.

 

[CanOz]

I wonder if there'd be some hangover tomorrow.

There will be if this retests the 99 level again....

 

[PinguPingu]

Relief rally for the likes of BHP, RIO/short squeeze?

 

[Toyota Lexcen]

more trouble for the XAO today, looks like its going to stay under 5000 for a long time

most sectors would be in bear market at the moment, just amazing

 

[Wysiwyg]

Now that was a decent forced sell off. 4800 test in the near future? Selling the most at the low is surely near.

 

[Toyota Lexcen]

always enjoy the IG update every morning from Evan, couldnt agree with him more, there has to be some sort of catastrophe in the markets for all this fear to end,

also enjoy Cramer's view at CNBC regarding the global situation, just no clarity at the moment

another tough day, feel for the long term shareholders out there

 

[Muschu]

always enjoy the IG update every morning from Evan, couldnt agree with him more, there has to be some sort of catastrophe in the markets for all this fear to end,

also enjoy Cramer's view at CNBC regarding the global situation, just no clarity at the moment

another tough day, feel for the long term shareholders out there

Well I'm pretty much retired and generally a long term holder, although fortunately 30% in cash. When I saw the market was down 120+ points earlier today I decided to go to beach.
When I got home the decline was 60 points.
Seems easiest way to got the market back on track is to go to the beach more often....

 

[Bill M]

Well I'm pretty much retired and generally a long term holder, although fortunately 30% in cash. When I saw the market was down 120+ points earlier today I decided to go to beach.
When I got home the decline was 60 points.
Seems easiest way to got the market back on track is to go to the beach more often....

I saw the overnight closes around the world and thought? Are we there yet? So went for a long walk, cut the grass, had lunch and I'm back online now after watching a movie.

My bond ETF's all positive. My share ETF's negative.

My NAB down, my CBA up. The biggest question is, what to top up on? Not selling anything (not even my gold Uncle Festivus)

Can somebody ring the bell when we hit bottom? I want to buy more stocks at very cheap prices.

 

[Muschu]

I saw the overnight closes around the world and thought? Are we there yet? So went for a long walk, cut the grass, had lunch and I'm back online now after watching a movie.

My bond ETF's all positive. My share ETF's negative.

My NAB down, my CBA up. The biggest question is, what to top up on? Not selling anything (not even my gold Uncle Festivus)

Can somebody ring the bell when we hit bottom? I want to buy more stocks at very cheap prices.

I did end up selling a few WBC at $28.49 and buying the same value in AFI at $5.34... Mainly because I am too top heavy in banks.

Just give some stability..

 

[Bill M]

I did end up selling a few WBC at $28.49 and buying the same value in AFI at $5.34... Mainly because I am too top heavy in banks.

Just give some stability..

I just did a quick check on NAB.

NAB first hit these prices in Feb 1999, so for 17 years NAB went nowhere, unbelievable.

I bought, sold, rebought and held throughout that whole time, it has been a steady provider even at it's current lows.

So much negativity around. LIC's and ETF's are good for us retired persons, nothing wrong with balancing it out a bit.

 

[Bill M]

Watch this video, I agree with him.

If you are not a member, join, it is for free and they do not spam.

http://www.finnewsnetwork.com.au/archives/finance_news_network122449.html

Cheers.

 

[luutzu]

I just did a quick check on NAB.

NAB first hit these prices in Feb 1999, so for 17 years NAB went nowhere, unbelievable.

I bought, sold, rebought and held throughout that whole time, it has been a steady provider even at it's current lows.

So much negativity around. LIC's and ETF's are good for us retired persons, nothing wrong with balancing it out a bit.

the same adjusted for new shares issued?

I missed out on the banks big time. Was lucky to have gotten out before the GFC, then thought to get back into them soon after but worried that the whole GFC hasn't gone through the system yet... then just missed it completely.

 

[PennD]

Can somebody ring the bell when we hit bottom? I want to buy more stocks at very cheap prices.

My Ding Dong guess

 

[Bill M]

View attachment 65845

My Ding Dong guess

Thanks my friend.

 

[Wysiwyg]

also enjoy Cramer's view at CNBC regarding the global situation, just no clarity at the moment

That bloke is as close to a fruit loop as I have ever seen and therefore switch channels rather than listen to his raving. Talks (rather nonsensical bursts of words) up more downside when the markets turn down and is all praises when the markets go up. One for the Nevilles.

 

[Toyota Lexcen]

Cramer has a list which has grown out to about 14 or so items as to why the bottom has not yet been found for stocks, its probably a very good summary of the turmoil/negativity which is bracing the global financial markets

BillM, as you indicate NAB has gone nowhere for 15-16 yrs, it would be interesting to see the dividend growth over that time as well

 

[Bill M]

BillM, as you indicate NAB has gone nowhere for 15-16 yrs, it would be interesting to see the dividend growth over that time as well

In 1999 the NAB dividend for the whole calendar year was 58c + 54c = Total $1.12
For the 2015 calendar year the dividends were 99c + 99c = Total $1.98

So even though the price went nowhere for 16 years, the dividend jumped 79% over that period of time. That's probably why I still hold the stock and I might buy a bit more soon.

Source for dividends: http://www.nab.com.au/about-us/shareholder-centre/dividend-information/nab-s-dividend-paymenthistory