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Down Down Deeper and Down; I want the world to see
Topic Started: 16 Oct 2014, 11:25 AM (2,184 Views)
Jimbo
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miw
16 Oct 2014, 02:41 PM
Probably after the actual event is over. The market has been brutal for a month now, but people seem to have only just noticed.

And now we have the Russel 2000 posting a strong gain on a down day for the S&P 500 which suggests a reversal may be in the offing.

It's above 5200 now. I'd give you some props if you got out at 5500.
Happy to get out of the ASX at 5200. Happy to get out of Gold at $1800 US an ounce and happy to get out of WA property in June 2014.

Happy, Happy, Happy.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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newjez
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Jimbo
16 Oct 2014, 02:01 PM
As we speak.

Run To The Hils
My brother used to be in an iron maiden tribute band. Saw the real thing about 16 years ago in London, brilliant.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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newjez
16 Oct 2014, 03:10 PM
My brother used to be in an iron maiden tribute band. Saw the real thing about 16 years ago in London, brilliant.
I was a proper headbanger in the 80's.

Saw Iron Maiden 5 times live.



Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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newjez
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Very interesting asx reaction. You could argue it hasn't benefitted that much from qe. But when the shit hits the fan, most people taste some.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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herbie
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newjez
16 Oct 2014, 04:24 PM
Very interesting asx reaction. You could argue it hasn't benefitted that much from qe. But when the shit hits the fan, most people taste some.
Early days yet Newjez. DJIA is only down about 6.5%. Show us 16.5% and it could start to get exciting.

My fav stock market commenter remains a bull. Just sees it as par for the course for October? And dips as potential buying opportunities.

'Course, he also reckons stocks are just inherently RISKY either which way, and as an old fart never has any more than about 25% (as I recall?) of his loot in stocks regardless.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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miw
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herbie
16 Oct 2014, 04:54 PM
Early days yet Newjez. DJIA is only down about 6.5%. Show us 16.5% and it could start to get exciting.

My fav stock market commenter remains a bull. Just sees it as par for the course for October? And dips as potential buying opportunities.

'Course, he also reckons stocks are just inherently RISKY either which way, and as an old fart never has any more than about 25% (as I recall?) of his loot in stocks regardless.
Peak to trough so far in this little journey on the S&P 500 is just a shade under 10% which makes it the deepest selloff since about the same time in 2011 - but it's got at least another 5% to go before it challenges that one.

Two fairly strong sell signals on Monday, being the breakdown through the 200-day DMA and also the daily point and figure gave a sell signal.

On the other hand, yesterday saw a strong drop in equities and pop in bonds followed by a sharp midday reversal which was even more pronounced in small-caps and tech stocks and the volume during the uptick was about double the volume on the slide. Signs of a bear trap.

The ASX today sort of mirrored the S&P last night except that it managed to end higher.

Take it for what it is worth. I don't take much notice of the DJIA. It's only 30 stocks, they aren't very representative, and it is far too susceptible to big movements caused by a single stock like IBM.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Jimbo
16 Oct 2014, 02:50 PM
Happy to get out of the ASX at 5200. Happy to get out of Gold at $1800 US an ounce and happy to get out of WA property in June 2014.

Happy, Happy, Happy.
Like all good bears, your retrospective trading skills are 2nd to know. I salute you.
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Strindberg
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Jimbo
16 Oct 2014, 02:13 PM
I got out at 5200.
..unfortunate for you that you got in at 6700.

Note: my statement is just verifiable as yours and your other made up shit about selling your gold at $1800.
Edited by Strindberg, 16 Oct 2014, 07:26 PM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Jimbo
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Strindberg
16 Oct 2014, 07:21 PM
..unfortunate for you that you got in at 6700.

Note: my statement is just verifiable as yours and your other made up shit about selling your gold at $1800.
I only had a few grands worth of shares in an ASX listed company and I only bought a year ago. Most of my share trading is done in USD denominated markets. Of course I have a piddly superfund, but I don't really give a rats about that.

I stated two months ago that I was out of stocks and property as of June this year (I liquidated my last shares in August).


Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Foxy
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Zero is coming...

Jimbo
16 Oct 2014, 11:25 AM
So as we sit and watch the world stock markets tumble, what are we going to sing?
Don't hold your breath.
Peter
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