If they have qe4. Some day they will just pull the pin, like in "rollover" like in 1933. Then in 40 years time they will talking about the incredible mistake made by the fed in the new century.
"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
CBA, ANZ, CSL, TFC, TLS, SCG and SGH are all significantly higher today than my holding cost, 4 of them by over 300%. CSL are up by a multiplier of 10x on my buy price.
I reckon so.....Plenty of solid buys around lately for mine, some good companies fully grossed up divs of 7 - 10+ %. Low P/E's etc.
The last time the all ordinaries tracked down to the 1974/GFC all ordinaries positive trendline (4000ish) back in 2011 we all seen the cash rate get halved.
After all those cash rate cuts, the trendline has moved up just above the 4500 level. We havent got close/right on that breach line yet (2015).
I still dont think they will let this level breach, If it gets close again I reckon we are going to see rate cuts, and possibly some sort of stimulus/tax reform.
Pretty simple at the moment, buy on this dip, and get the stop losses ready if the 1974/GFC levels breach.
Another thing is, all other key leading indicators point to all this being a storm in a tea cup!!
My gold stocks had rises varying from 1% to 16% gains today.
Today was a good day.
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.
Just thought I'd post some interesting stats re the U.S. stock market from PastStats.com:
Quote:
Summary; Years 1950-2015, 65 years How many 5% corrections from All Time Highs-61, happens all the time. How many 10% corrections from All Time Highs-20 + 1 the ongoing one, standard. How many 20% corrections from All Time Highs-9, they happen. How many 30% corrections from All Time Highs-5, cleansing. How many 40% corrections from All Time Highs-2, but yet this is what everyone fears when we are down 10%. How many 50% corrections from All Time Highs-1. Just 1, don’t believe the fear hype, stay grounded.
its a bit different for our market (ASX), but not much.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Just thought I'd post some interesting stats re the U.S. stock market from PastStats.com:
its a bit different for our market (ASX), but not much.
Well there we go my domiciled one. If you can sense a pattern in aggregates and have some kind of strategy, no doubt you will be dollar cost averaging your way to glory. You can ride your polished unicorn all the way on those weighty mining and banking stocks.
Well there we go my domiciled one. If you can sense a pattern in aggregates and have some kind of strategy, no doubt you will be dollar cost averaging your way to glory. You can ride your polished unicorn all the way on those weighty mining and banking stocks.
Oh no, not another Chinese stimulus package, groan
How many 50% corrections from All Time Highs-1. Just 1, don’t believe the fear hype, stay grounded.
Stay grounded, like a lightening rod. It's greed that keeps people in markets long after the indicators are flashing red. The capital gains tax!!!
There are some shares worth holding long term, but they are not the bank shares.
"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
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy