Australian (ASX) Stock Market Forum

XAO Banter Thread

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We shall see.

I'm up today but its all financials and mining. Every other company is down. I don't really understand why Mortgage Choice , Credit Corp and Bendigo Bank deserve to be re-rated because Trump won.
I can understand my Fortescue shares going up due to the iron price but how long will that last?

He becomes President on the 20 January. the next few days from this could be quite precarious. I think it will be worth holding till Christmas if the prices keep rising but I plan to be mostly out well before the inauguration date.
 
Knobby22 said:
We shall see.

I'm up today but its all financials and mining. Every other company is down. I don't really understand why Mortgage Choice , Credit Corp and Bendigo Bank deserve to be re-rated because Trump won.
I can understand my Fortescue shares going up due to the iron price but how long will that last?

He becomes President on the 20 January. the next few days from this could be quite precarious. I think it will be worth holding till Christmas if the prices keep rising but I plan to be mostly out well before the inauguration date.
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I think I'll be out long before that....he's trouble not that I liked Hillary but this guy President ? :banghead:
 
I should also add that Donald's Tweet today confirmed that his ability to morph into something presidential has certainly not happened yet, that alone should rattle markets. It wasn't just a sell to get there. It's him through and through and he is not in control of it!!!


In his first tweet after his minders gave him back the thus far deemed 'lethal weapon too powerful for him to be trusted with (a phone) was -
"Just had a very open and successful presidential election. Now professional protesters, incited by the media, are protesting. Very unfair!"

Um "The system is rigged." So how could it be fair?
Success thus meaning 'I won.'
Um "If the protesters are professional, ie paid. They need no media to insight them." - inability to rationalize.

Pop corns the word.
Markets are about to be seriously wrong footed, again!!
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How the hell are people making money on the ASX. I don't believe CFD Short Selling is keeping the market down. No bulls in Oz while the U.S. puts in new all time highs. :frown:
 
Wysiwyg said:
How the hell are people making money on the ASX. I don't believe CFD Short Selling is keeping the market down. No bulls in Oz while the U.S. puts in new all time highs. :frown:
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Just guessing but surely these two figures might be some indication to it.

Private Debt to GPD Australia 125%

Private Debt to GPD USA 78%

But hey, don't mention it to loudly, might spook the sheepie.

http://www.tradingeconomics.com/australia/households-debt-to-gdp#

I personally like these figures Private Debt 2.6T = 0.85T Business Debt + 1.75T Household Debt (1.6T Housing Debt)

Go MT, innovation all the way to drive our economy as long as it is in bricks and mortar.
 
Toyota Lexcen said:
we were down 2% on the vote counting day, then up 3.4% next day

not much changed last week really, the bear market continues on
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Market fell heavily when it became apparent that Trump would likely win the election.

Market shot up the next day when it was confirmed that Trump had won the election.

Pretty much blows the "efficient market theory" straight out of the water and dispels any notion that markets price things in, are rational and so on. How does one explain such a move other than as an irrational knee jerk reaction?:2twocents
 
Smurf1976 said:
Market fell heavily when it became apparent that Trump would likely win the election.

Market shot up the next day when it was confirmed that Trump had won the election.

Pretty much blows the "efficient market theory" straight out of the water and dispels any notion that markets price things in, are rational and so on. How does one explain such a move other than as an irrational knee jerk reaction?:2twocents
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funny how the market after failing lamely to plan for brexit and Trump , now assume in Oz that it knows that Trump will not keep his promises;
just if he was to do half of these where do you think our mining would go, and our debt credit rating and RE???
While I would be confortable as an American with Trump in power, in Oz, we are really kidding ourselves in thinking it will be business as usual, my opinion only,,,
 
peter2 said:
Does anyone else feel like we're flogging a dead bourse? :horse:
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Definitely, the last 10 weeks has been treading water until this week. I made a few coins this week by being a bit discretionary with my trading. Selling on the open has been a nightmare, I'm finding there are no buyers at the time but plenty at the close. I'm using profit targets and dumping at the close lately and having a lot more success.
 
bit over 4 weeks of trading left for the year, cant see too much changing with US Fed rates hanging over OUR head

feel there is more risk of DOW coming off 500-1000 points and taking XAO down to 5000 or so
 
Yes good couple of days, hopefully this XAO can turn the corner and push up over 6000

provide some reward for the risk you take when investing in shares,
 
Mining and Brexit stocks really taken a pounding over the last few days.
We are seeing some kind of turn or perhaps just fear of Italy.
 
notting said:
Mining and Brexit stocks really taken a pounding over the last few days.
We are seeing some kind of turn or perhaps just fear of Italy.
Click to expand...

Surely the market can't go all gun-ho into Italy like it did the first 2 times with Brexit and Trump... paring back some longs is definitely prudent.

Resource is a whole other story... the run's been so vertical even a 3 day breather can see spot prices back down 10-15%.
 
skc said:
Surely the market can't go all gun-ho into Italy like it did the first 2 times with Brexit and Trump... paring back some longs is definitely prudent.

Resource is a whole other story... the run's been so vertical even a 3 day breather can see spot prices back down 10-15%.
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Good points as usual.

Remembering Greece today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!

Iron ore +8.7% to $US78.36 a tonne FMG BHP RIO come out of the blocks like Hesin Bolt then flip negative with great intensity.

Bellamy's just dropped off its perch.

And then, of course, there's this -

Trump Opens his mouth
Since being elected president on November 8, Trump had refrained from repeating his campaign rhetoric to ignite a "trade war" by slapping tariffs of up to 45 percent on imports from China and Mexico.
James Pethokoukis, a free-market scholar at conservative think tank the American Enterprise Institute, said Trump's heavy-handed speech instilling "fear" in American executives was "absolutely chilling".
"I think this was the worst economic speech by an American politician since 1984 when Walter Mondale promised to reverse Reaganomics."
Click to expand...

Oh Captain my captain.

A little prudence not unwarranted!

 
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maybe pick up 20 - 30pts for the day, about 3 weeks left for the year, hope santa can ramp it up a bit so can buy some prawns for xmas day and get the economy moving
 
looks certain the Fed will raise rates this week, maybe the financial markets have finally accepted this and the shock will be minor across the globe

the XAO still very much a poor performer (bear market) and maybe the FED will shock our market and drop 150-250 over next week
 

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