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Another Sea of Red for Aussie Markets; Australian shares took another big hit as blue chips plunge
Topic Started: 1 Sep 2015, 07:13 PM (13,776 Views)
ozz
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herbie
29 Sep 2015, 06:38 PM
Let's just say that I'm extremely content having no exposure to it Skamy.
You do if you have a superannuation fund, unless you have all your super in a bank account, or in property?
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Terry
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Sydneyite
29 Sep 2015, 07:58 PM
Given that support has now broken down I suspect we will see 4800-ish before any serious attempt at another consolidation. As a result, I'm personally not "dip buying" my next tranche until we see that level.
Based on what? The strength of your sphincter? People who live out fantasies as market commentators are best left for fancy dress BBQs.
Edited by Terry, 29 Sep 2015, 08:13 PM.
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The Whole Truth
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Sydneyite
29 Sep 2015, 07:58 PM
Given that support has now broken down I suspect we will see 4800-ish before...
Spare us your attempts at prognostication, you have no idea.
GloomBoomDoom
29 Sep 2015, 07:47 PM
Good one GBD.
Edited by The Whole Truth, 29 Sep 2015, 08:26 PM.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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herbie
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ozz
29 Sep 2015, 08:02 PM
You do if you have a superannuation fund, unless you have all your super in a bank account, or in property?
That's correct.

My $630K odd SMSF is $405K odd (after expenses should I sell not that I'm in any hurry to) in a somewhat below average little middle ring SEQ residential IP (no debt - bought in the days when SMSFs weren't allowed to have debt - Not that I ever wanted any debt on my SMSF anyway - Rightly or wrongly) with $225K plus in cash.

I've also got a little $2,700 super fund with a gov fund mob I've kept open from them back in the days I worked for them (100% cash and shit return of course) that I keep alive just in case I should at some time in the future feel inclined to let them look after a somewhat rather larger portion of my super again.

A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Sydneyite
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The Whole Truth
 
Spare us your attempts at prognostication, you have no idea.
says the guy that can't even do basic maths, calculate an investment return, didn't know what an index was, etc etc etc! :re:
Edited by Sydneyite, 29 Sep 2015, 08:40 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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The Whole Truth
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That's all you have, a gripe about a typo I made and some other assumed rubbish? You probably think you're very smart sydneyBlight but your comments on this thread speak otherwise.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Matthew
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The Whole Truth
29 Sep 2015, 08:23 PM
Spare us your attempts at prognostication, you have no idea


said the reflection in your mirror
Edited by Matthew, 29 Sep 2015, 08:52 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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The Whole Truth
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Sydneyite
25 Sep 2015, 04:21 PM

there have now been 4 attempts in this correction for the index to get to and stay below 5000, with strong support being evident even in the presence of negative offshore leads. It is looking increasingly unlikely that 5000 support will be broken IMO
The great prognosticator :lol
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Matthew
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Attention Bears - the market does not need to crash. Markets can dip and not crash. That is why you go to bed every night hopeful and wake up disappointed. How long can you hope that misery will one day make you happy? You are all miserable now waiting and praying for your friends to be miserable so you can say "I told you so". You are a pack of oxygen thieves, and not particularly intelligent ones at that.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Poontang
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createdby
29 Sep 2015, 04:14 PM
One hour to go. Down 3% and no signs of dip buyers.

Investors sensing there's more bad news to come tomorrow, possibly the whole week, looks like.
I got through the carnage with a massive rise of .3% :)
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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