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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,401 Views)
Foxy
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Zero is coming...

Matthew
10 Dec 2015, 11:39 AM
By market capitalisation:

BHP is 6th largest
RIO is 14th largest
WPL is 11th largest
FMG is 54th largest

Their combined market cap ($102bn) is less than that of CBA (135bn) and WBC ($105bn) alone.

These are not "the main companies" on our stock market.

You are mistaking share price with market capitalisation. That is a common mistake that fuckwits with no idea what they are talking about make.
Is that their capitalisation now that they have dropped by more than 50%??

Mathews?

It is a common mistake made by fuckwits on this forum :D :D :D
hidflect
10 Dec 2015, 07:39 PM
Reminds me of the old truism/warning about stocks. Easy to buy, difficult to sell. A lot of people end up hanging on for more gains or hanging on to try and recover losses. Either way, they end up never selling, losing liquidity and often finding themselves eating baked beans on toast in the dark unwilling to offload investments so they don't have to realize a massive loss.
So very true.
And for Commonwealth bank.

If economic activity drops CBA will come under pressure.
Edited by Foxy, 11 Dec 2015, 12:04 PM.
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Matthew
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foxbat
11 Dec 2015, 12:02 PM
Is that their capitalisation now that they have dropped by more than 50%??

Mathews?

It is a common mistake made by fuckwits on this forum :D :D :D

So very true.
And for Commonwealth bank.

If economic activity drops CBA will come under pressure.
The mistake you made Drunkbat is your assertion that they are the major companies on our ASX. They are not. Never were.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Dr Kinetoscope
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Matthew
11 Dec 2015, 12:20 PM
The mistake you made Drunkbat is your assertion that they are the major companies on our ASX. They are not. Never were.
Replace 'are' with 'amongst'.

Fixed.
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ShadBerg's torrid Macrobusiness love affair
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Matthew
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Dr Kinetoscope
11 Dec 2015, 12:51 PM
Replace 'are' with 'amongst'.

Fixed.
Correct. That would have been more accurate.

However the ASX100 is incredibly diverse. Those impacted by Iron Ore pricing are very much the minority as opposed to Drunkbats farcical assertion
My only hope for my three boys is that they turn out nothing at all like Chris.
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newjez
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http://www.perthnow.com.au/business/increasing-number-of-mortgage-borrowers-making-minimum-only-repayments/news-story/3e4306a632fbd0dc3a53a7147381c633
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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Matthew
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newjez
11 Dec 2015, 10:25 PM
after years of paying down their loans, and with Christmas looming, the many take advantage of their strong financial position.

Meanwhile tenants still have to pay 100% of their rent.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Chris
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Matthew
11 Dec 2015, 10:43 PM
after years of paying down their loans, and with Christmas looming, the many take advantage of their strong financial position.

Meanwhile tenants still have to pay 100% of their rent.
And rent is approximately 25-50% cheaper pw than a mortgage, so maybe renters will take advantage of their considerable savings??

You are a complete fucken amateur, stop posting for your own sake ya dipshit.
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Dr Kinetoscope
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Matthew
11 Dec 2015, 10:43 PM
after years of paying down their loans, and with Christmas looming, the many take advantage of their strong financial position.

Meanwhile tenants still have to pay 100% of their rent.
The thing is, I would wager many of those making the minimum repayments would also be the people who didn't pay down their loans. If even 5% of these people hit the market with distressed sales - particularly in the state the market is currently in - it could be a catastrophe.

Rent has collapsed. Renters in Perth are in a better position than they have been in many years.

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Matthew
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Dr Kinetoscope
11 Dec 2015, 11:29 PM
The thing is, I would wager many of those making the minimum repayments would also be the people who didn't pay down their loans. If even 5% of these people hit the market with distressed sales - particularly in the state the market is currently in - it could be a catastrophe.

Rent has collapsed. Renters in Perth are in a better position than they have been in many years.
you might be right.
Chris
11 Dec 2015, 10:54 PM
And rent is approximately 25-50% cheaper pw than a mortgage, so maybe renters will take advantage of their considerable savings??

You have no idea at all what you are talking about dumb f uck I mean kid. Rent has always been cheaper than buying. Does not make it smarter.

Quote:
 
You are a complete fucken amateur, stop posting for your own sake ya dipshit.
Shit grammar aside I am aren't I? I mean when I said I was buying my first house all of my mates told me prices would fall I bought. And when we bought our second house all of my mates told me I was fucking dumb not to sell the first one. And now I am sitting here in my house in Applecross with 4 debt free IP's paying off the remnants of a tiny mortgage on a MM property in a dress circle location.

I should have listened to the smart people like you shouldn't I? Never should have bought the first one. Let alone 4 of the c unts and a massive home in a prime local. How dumb am I right? Right? Imagine if I just rented and never invested in anything other than gold......

You are clueless kid. Stop your fucking moaning and piss or get off the pot. If you want to buy, buy. If you don't want to buy, don't buy. Just stop being a fucking bitch about it. Prices will never meet the point you think you are entitled to. Got $300k to spend? Buy in Gosnells and suck it up. Got $600k to spend, buy an apartment in Burswood, Maylands or Vic Park and suck it up. Just stop being such a fucking pussy.
Edited by Matthew, 12 Dec 2015, 12:02 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Chris
11 Dec 2015, 10:54 PM
And rent is approximately 25-50% cheaper pw than a mortgage, so maybe renters will take advantage of their considerable savings??

You are a complete fucken amateur, stop posting for your own sake ya dipshit.
Mathews is young and immature, he is also a believer.
He probable still puts his cookies and a glass of milk out for father Christmas
.
He thinks you can absolutely gut the mining industry and everything will be ok.

I don't think it will be ok.
Peter
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