You think? You would have probably thought it would have gone ahead between 2002 and 2010. Just admit you haven't a clue sydneyskite.Asx etc finally turning green following the US bump. I don't think it will bring much assurance to the average aussie with his super in it though. I imagine the funds have received quite a few call of late to shift money into the low yield safe end of things. And what's that? The falling $
"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
You think? You would have probably thought it would have gone ahead between 2002 and 2010. Just admit you haven't a clue sydneyskite.Asx etc finally turning green following the US bump. I don't think it will bring much assurance to the average aussie with his super in it though. I imagine the funds have received quite a few call of late to shift money into the low yield safe end of things. And what's that? The falling $
WTF are you even going on about? Do you understand English? "I think" means "in my opinion", or "it is likely in my opinion, that..." in addition, the question I was answering was this: "Do you think Sydney has finally peaked? Any correlation with the share market?" ........and I actually did call the top of the Sydney market back in late 2003 by the way, held off buying an IP, then bought one in the subsequent slump, and sold it a few years later for a nice short term profit.
Anyway, not much point listening to someone that has proven multiple times they cannot even do the basic maths required to calculate an investment return!
WTF are you even going on about? "I think" means "in my opinion", or "it is likely in my opinion, that..."...... and I actually did call the top of the Sydney market back in late 2003 by the way, held off buying an IP, then bought one in the subsequent slump, and sold it a few years later for a nice short term profit.
Anyway, not much point listening to someone that has proven multiple times they cannot even do the basic maths required to calculate an investment return!
You think? You would have probably thought it would have gone ahead between 2002 and 2010. Just admit you haven't a clue sydneyskite.Asx etc finally turning green following the US bump. I don't think it will bring much assurance to the average aussie with his super in it though. I imagine the funds have received quite a few call of late to shift money into the low yield safe end of things. And what's that? The falling $
I can't see to shift my super to foreign cash. Very frustrating. I can do foreign shares though, with some protection.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
ASX going down into the red again. Can't seem to follow the US's tiny upswing yet.
ASX index jumped 200 points last Wednesday on speculation of Chinese stimulus. Only to be eroded by algos and any other fucker wanting to get out of this "market".
I think fear has gripped this market (cue the Warren Berkshire wannabes "I buy when everybody's shitting their pants blah blah blah").
Telling that there was a Friday rout despite the semi-official confirmation last Friday that the Chinese stimulus amount would be around US$200 billion/year, give or take, for the next 3 years. About equal to the amount spent by China from 2009-2012.
I doubt this will drive a rally like we've seen from 08-11 (mining led rally) or 2012-2015 (banking led rally).
The commodities market is already saturated, even as more capacity is coming online from Brazil (recently downgraded to junk status) and heavily indebted small cap miners desperate for cash flow and market share.
The writing's on the wall for banks. There won't be another credit boom. Fear of a recession (the first in 20 years) has gripped the suburbanite.
Warren buffett warren buffett they cry but they weren't even watching when the Oracle of Omaha bailed out of stocks in a big way months ago. Now they are all fawning around his feet because he buys a few at a supposed bottom. Telling them what they want to hear basically. Like I have said a dozen times, the buffett's of this world make their fortunes selling to the sydneyites at the top.
One day these markets are going to go lock limit down and stay down but there will one hell of an excuse given to cover it. Another 9/11 and then some.
"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
Warren buffett warren buffett they cry but they weren't even watching when the Oracle of Omaha bailed out of stocks in a big way months ago. Now they are all fawning around his feet because he buys a few at a supposed bottom. Telling them what they want to hear basically. Like I have said a dozen times, the buffett's of this world make their fortunes selling to the sydneyites at the top.
One day these markets are going to go lock limit down and stay down but there will one hell of an excuse given to cover it. Another 9/11 and then some.
Buffett does none of this. His fortune has been made buying good quality companys and holding on to them in the long term, not selling his opinion.
I guess you are confused because you clearly just regurgitate what you're told by other goldbugs and doomer websites like macrobusiness.
I guess you are confused because you clearly just regurgitate what you're told by other goldbugs and doomer websites like macrobusiness.
Very Skamyesque.
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.
I can't see to shift my super to foreign cash. Very frustrating. I can do foreign shares though, with some protection.
A bit late for a change to a foreign currency anyway now. But I wouldn't worry much about our dollar, we are in the days of volitility and in a year it could be back at parity with the US. Plus it hasn't effected us personally. Even our petrol is cheap still. I'm still buying stuff out of the US at the same aussie price I did 6 months ago. I think some retailers there have just dropped their prices to accommodate us. Probably because their US sales are in the toilet. Perhaps they are spending the money here? Sending cheap aussie stuff back with it, all I know is the stuff I have been buying over there hasn't gotten more expensive.
I don't believe superannuation was ever what the masses were told it was, a guaranteed you'll be right in retirement deal. It's a global phenomenon remember, all the western countries came up with at the same time but pretended it was their idea. Most countries have a different name too. In the US it's 401k, in Canada it's RRSP, in england PPS or personal pension scheme, but they all amount to the exact same thing and the rules are no doubt the same too. So why not just call it a private pension in all counties, like we call a refrigerator a refrigerator?
The reason is because you're dealing with financial instruments and they have to be obfuscated so when they fail the name can quickly change the to something else. RMBS collapse and are shown to be a huge fraud so change the name to Bank Bonds and remarket them to a whole new group of suckers. At the end of the day though you have the same thing, risky mortgages dumped on an unsuspecting public. How many of them are in our superannuation funds?
In another 5 years or so they could be worth as much as shares in Lehman brothers. I suspect they're worth that now but the way we value assets has just masked the fact. That's certainly true with 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
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