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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 (13,783 Views)
hidflect
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The Whole Truth
19 Sep 2015, 08:15 PM
http://www.bbc.com/news/business/markets/global

With nearly all world markets finishing the week in the red, I predict our markets will take a dive monday. I thought it might be fun to take a punt, like a sweep, to see who can guess the outcome.
Lets stick with the asx all ords to make it simple, and I'll go with 95 off, that will put the close under 5100.
http://www.marketindex.com.au/all-ordinaries
Trading the index is just gambling. I'm up 30% on my ASX stocks because the companies are strong fundamentally and small caps so they don't sway with all the chartists and mutual fund panickers. Do some basic research and buy a company that has solid revenue with forward client contracts with low debt. SBM and EPD are two.
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createdby
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hidflect
19 Sep 2015, 10:25 PM
Trading the index is just gambling. I'm up 30% on my ASX stocks because the companies are strong fundamentally and small caps so they don't sway with all the chartists and mutual fund panickers. Do some basic research and buy a company that has solid revenue with forward client contracts with low debt. SBM and EPD are two.
Indexes and ETFs don't bode well during downturns. But they're good for the long term and people don't risk putting it all in one basket.

But I agree stock pickers and shorters do well on times like these. Provided you don't get burned putting it all in one basket.
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newjez
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hidflect
19 Sep 2015, 10:25 PM
Trading the index is just gambling. I'm up 30% on my ASX stocks because the companies are strong fundamentally and small caps so they don't sway with all the chartists and mutual fund panickers. Do some basic research and buy a company that has solid revenue with forward client contracts with low debt. SBM and EPD are two.
It is funny that during the wildest swings of the main index, the small caps indexes haven't moved that much. And small caps are meant to be the risky investment?
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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The Whole Truth
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Not long to wait now, feels like the lead up to a Melbourne Cup. Actually there are a lot of similarities between the stock markets and the Melbourne Cup.
"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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Down 120 points at the open. Hurry! By the fucking dip lol!
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The Whole Truth
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createdby
21 Sep 2015, 11:37 AM
Down 120 points at the open. Hurry! By the fucking dip lol!
: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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Dexter
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createdby
21 Sep 2015, 11:37 AM
Down 120 points at the open. Hurry! By the fucking dip lol!
Ok bears. What would it have to drop to for you to be a buyer??
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Dexter
21 Sep 2015, 12:21 PM
Ok bears. What would it have to drop to for you to be a buyer??
3000.

2500 as it will overshoot on the downside for sure.

Mind you this will coincide with the bond market melt down or another derivative event like the subprime crisis.

Although I won't rule out another bull run in between now and the 2500 dip. It will happen after QE4 is announced and when the 2nd Chinese stimulus gets ramping.

But on a 5 year time frame, I'm predicting 2500 and that is when I go all in.
Edited by createdby, 21 Sep 2015, 12:30 PM.
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The Whole Truth
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Dexter
21 Sep 2015, 12:21 PM
What would it have to drop to for you to be a buyer??
Price wouldn't be as much of a factor as the state of the economy. There were a lot of bargain stocks in 1933 but you would have been an idiot to buy them not knowing which ones would emerge after the war and which ones would vanish along with your capital. Enron, TWA AWA, where are they all today?
There is a general belief that we will eventually return to economic growth like we saw in the 90's without too much intervening turmoil. I think that is just wishful thinking considering what we have witnessed over the past 7 years.
Edited by The Whole Truth, 21 Sep 2015, 12:51 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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The Whole Truth
21 Sep 2015, 12:48 PM
Price wouldn't be as much of a factor as the state of the economy. There were a lot of bargain stocks in 1933 but you would have been an idiot to buy them not knowing which ones would emerge after the war and which ones would vanish along with your capital. Enron, TWA AWA, where are they all today?
There is a general belief that we will eventually return to economic growth like we saw in the 90's without too much intervening turmoil. I think that is just wishful thinking considering what we have witnessed over the past 7 years.
They'll blow another bubble TWT. It's how banks make money: working around reserve requirements. Soon, there won't be reserve requirements when RBA turns up the printing press.

There'll be a pause sure, but humans won't be able to resist creating money when it's just a key stroke. The temptation is strong. Digital money cannot be constrained and limited unlike gold.

Just be on the lookout and buy the fucking dip :to:
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