Australian Politics Forum - ASX latest news

Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	ASX latest news Aug 8^th, 2011 at 9:04am How far will the market fall today? Latest updates here.
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muso Gold Member Offline Posts: 13151 Gladstone, Queensland Gender:	Re: ASX latest news Reply #1 - Aug 8^th, 2011 at 9:35am Before too long, the All Ords will be lower than the 3100 level of March 2009. The underlying situation is much worse than it was then.
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #2 - Aug 8^th, 2011 at 9:58am <<Before too long, the All Ords will be lower than the 3100 level of March 2009. The underlying situation is much worse than it was then. >> ................................................................................ ..... muso do you think they will fall below 4000 today?
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muso

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Re: ASX latest news
Reply #3 - Aug 8^th, 2011 at 10:02am

Ex Dame Pansi wrote on Aug 8^th, 2011 at 9:58am:

<<Before too long, the All Ords will be lower than the 3100 level of March 2009. The underlying situation is much worse than it was then. >>
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muso do you think they will fall below 4000 today?

No. My guess will be that the All Ords will be around 4050 by COB today.

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Ex Dame Pansi

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Re: ASX latest news
Reply #4 - Aug 8^th, 2011 at 10:11am

ok

10.04am The ASX200 down one per cent in early trade, but is expected to drop further. The Nikkei is down 1.4% at the open of the Japanese market.

Updates to follow.

9.38am "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default," says Former US Federal Reserve Chairman Alan Greenspan.

"What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Mr Greenspan on NBC's Meet the Press.

CNBC reports Mr Greenspan said the nervousness over the "current sense of crisis" is about the eurozone, not the US.

Read more: http://www.news.com.au/business/markets/australian-sharemarket-braced-for-more-pain-as-recession-fears-sweeps-global-markets/story-e6frfm30-1226110570466#ixzz1UOK57Ur4

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #5 - Aug 8^th, 2011 at 10:21am ASX200 http://www.asx.com.au/asx/widget/chart.doasxCode=XJO&type=INDEX&popup=true
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #6 - Aug 8^th, 2011 at 10:23am ALL ORDS http://www.asx.com.au/asx/widget/chart.doasxCode=XAO&type=INDEX&popup=true At 10.12 AEST, the benchmark S&P/ASX200 index was down 90.1 points, or 2.2 per cent, at 4,015.3, while the broader All Ordinaries index fell 93.6 points, or 2.25 per cent, to 4,076.1.
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muso Gold Member Offline Posts: 13151 Gladstone, Queensland Gender:	Re: ASX latest news Reply #7 - Aug 8^th, 2011 at 11:21am Cool. That chart seems to update itself in real time. Of course you have to reload.
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Ex Dame Pansi

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Re: ASX latest news
Reply #8 - Aug 8^th, 2011 at 12:18pm

Swanny's beating his chest. We seem to be fairing pretty well at the moment.

11.45am "There is not a G20 finance minister who wouldn't swap places with me in the environment we are in at the moment," Treasurer Wayne Swan told ABC radio today.

Read more: http://www.news.com.au/business/markets/australian-sharemarket-braced-for-more-pain-as-recession-fears-sweeps-global-markets/story-e6frfm30-1226110570466#ixzz1UOpf1EER

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Amadd Gold Member Offline Mo Posts: 6217	Re: ASX latest news Reply #9 - Aug 8^th, 2011 at 1:13pm Yep, those charts are very handy thanks Pansi. That's a pretty dramatic slide in the last hour
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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: ASX latest news Reply #10 - Aug 8^th, 2011 at 1:24pm The following chart & ticker on US DOW Futures seems to a little "more real time" than others. It is worth looking at correlations in the movements between the OZ markets & the US DOW Futures, because we are generally folllowers. http://www.forexpros.com/indices/dj-30-futures-advanced-chart
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perceptions_now

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Re: ASX latest news
Reply #11 - Aug 8^th, 2011 at 1:28pm

Ex Dame Pansi wrote on Aug 8^th, 2011 at 10:23am:

ALL ORDS

http://www.asx.com.au/asx/widget/chart.do?asxCode=XAO&type=INDEX&popup=true

At 10.12 AEST, the benchmark S&P/ASX200 index was down 90.1 points, or 2.2 per cent, at 4,015.3, while the broader All Ordinaries index fell 93.6 points, or 2.25 per cent, to 4,076.1.

Nice pick Pansi!

I had seen that chart on the ASX site, but I hadn't realised that it was a "real time" tracker.

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #12 - Aug 8^th, 2011 at 1:47pm <<I had seen that chart on the ASX site, but I hadn't realised that it was a "real time" tracker. >> ................................................................................ ........... lol me either, sometimes my luck precedes my mind.
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #13 - Aug 8^th, 2011 at 1:51pm thanks perce, if you have time could you please put some comparison charts here and explain a bit....for the dummies (me)
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muso Gold Member Offline Posts: 13151 Gladstone, Queensland Gender:	Re: ASX latest news Reply #14 - Aug 8^th, 2011 at 1:58pm We should have taken bets (non pecuniary of course) on the All Ords at CoB. I'd say that tomorrow might be more indicative.
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