XAO Banter Thread

[Toyota Lexcen]

+13.80 points, long way off high

 

[Toyota Lexcen]

One sick country, bear market rolls on

 

[Toyota Lexcen]

Don't go up with Dow, but go down with it all the time

Sick asset class, just a lotto

 

[MrBurns]

Don't go up with Dow, but go down with it all the time

Sick asset class, just a lotto

I think many stocks are just the plaything of day traders. The movement in them screams "in early for the rise and out before the afternoon decline" if that makes any sense
I've got some BEN and that's what I see every day.

 

[Toyota Lexcen]

40billion gone in 2 days, people's savings , retirement money, top budget from libs

 

[CanOz]

40billion gone in 2 days, people's savings , retirement money, top budget from libs

This is half seasonal half macro.....not sure it's got anything to do with the budget.

 

[notting]

Let's just assume the market was baking in a company tax break from 25 to 15% in the listed companies in the US.
Then let's just assume that the punters were waiting before they sold because they thought they were going to get a similar tax break on the profits.
Then consider that the VIX was so flat cause it was too expensive to buy but no one was selling cause they were waiting.
So what might happen if Trumps promise is undeliverable even if the lunatic remains in charge....
http://www.cnbc.com/2017/04/29/davi...ead-on-arrival-and-wall-st-is-delusional.html

What a ya think may happen next?

 

[Quant]

This is half seasonal half macro.....not sure it's got anything to do with the budget.

we don't need to know why , in reality , we just need to know it " IS " ... why is for economists

 

[Toyota Lexcen]

Off again today, why no one buying Aussie shares

 

[kid hustlr]

TL you are either way over exposed in shares for your comfort level or do not have a plan. Either way you need to educate yourself and/or understand what you are trying to achieve.

Coming onto a forum each day complaining the market is down does not achieve anything

 

[Toyota Lexcen]

Surely can comment about the performance of Aussie shares

 

[Kryzz]

Off again today, why no one buying Aussie shares

Shouldn't be too suprised to see some downside at this juncture. Plenty of previous swing highs around this point and some slight divergence. I believe May returns approx -2% on avg over the last 20 years of data.

 

[Bill M]

Surely can comment about the performance of Aussie shares

Of course you can, the thing is you have said it over and over on a couple of threads. Everyone can see what the markets are doing, it's what the markets do.

On a 12 Months basis the markets are up 6.43%, even after today. So it's not that bad and if you factor in about 5% worth of dividends + franking credits you are looking at around 12% returns, not so shabby is it?

I find that during weeks like this one gone by, it just throws up better opportunities to buy at lower prices, but it's only marginally lower and it's not super bargain basement if you know what I mean. I bought a couple of REITS this week with a average 7% yield, nothing fantastic but it will pay my pension payments with my super.

I am not fully invested now. A few pages back I was buying a lot of stocks when the markets were at 5100, it was a bargain then. Since then I sold a few parcels near the 5,900 mark. From my point of view any correction means buying good stocks at lower prices with higher dividends, something that takes a lot of patience to hang around for. Anyhow here's a chart for the last 12 Months.
http://www.marketindex.com.au/all-ordinaries

 

[Gringotts Bank]

Will stay between these lines, imo.

Interesting article.
https://80000hours.org/blog/

 

[Logique]

With the XJO at 5,751 in late May, it's safe to say these industry firms are watching closely! Their year end predictions in Jan 2017 were:

 

[Toyota Lexcen]

those industry firms wont have to much to worry about, not going to get over 6000

this day in 2015 the index was a touch higher, gone nowhere, its no wonder fund managers don't invest in Aus and people keep pushing there money into direct real estate

 

[Klogg]

this day in 2015 the index was a touch higher, gone nowhere

So dividends mean nothing?

 

[Quant]

Australian GDP announced tomorrow with a some banks calling a miss on the 0.3% consensus number . Australian and Chinese Balance of Trade following day . Pivotal week data wise locally . Morgan Stanley has put a 12 month target of 5250 on XJO . No mention of the " R " word but after tomorrow depending on #s we might start hearing it . Pretty satisfied ive been a bear since May 1 .

"" Morgan Stanley cut Aus 2017 GDP forecast to 1.2% (from 2.1%) & half of the RBA's forecast of 2.5%. Also lower Q4 18 AUD/USD forecast to 64c ""

"We revise our ASX 200 target down to 5,250 (from 5,450 and now -9% price downside)".

 

[Logique]

This article is out there today. It is specific to the US, but would inevitably impact on local investor sentiment. The ASX has been soft for a month.

Sharemarket risk at highest level since before GFC, says Bill Gross
John Gittelsohn and Erik Schatzker: http://www.smh.com.au/business/mark...fore-gfc-says-bill-gross-20170607-gwmtz6.html

US markets are at their highest risk levels since before the 2008 financial crisis because investors are paying a high price for the chances they're taking, according to Bill Gross, manager of the $US2 billion ($2.7 billion) Janus Henderson Global Unconstrained Bond Fund.

"Instead of buying low and selling high, you're buying high and crossing your fingers," Gross, 73, said on Wednesday at the Bloomberg Invest New York summit............

 

[Gringotts Bank]

Today's breakout gives a great big target of 5890.