Australian Politics Forum - ASX latest news

Ex Dame Pansi

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Re: ASX latest news
Reply #15 - Aug 8^th, 2011 at 2:06pm

muso wrote on Aug 8^th, 2011 at 1:58pm:

We should have taken bets (non pecuniary of course) on the All Ords at CoB. Wink

I'd say that tomorrow might be more indicative.

Tomorrow when the American market opens, ours will follow from the trend theirs is taking I should think. I wouldn't even hazard a guess, it's a weird world out there in share land.

ok close of business tomorrow for All Ords 4040 that's pretty low.

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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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muso

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Re: ASX latest news
Reply #16 - Aug 8^th, 2011 at 2:48pm

Ex Dame Pansi wrote on Aug 8^th, 2011 at 2:06pm:

muso wrote on Aug 8^th, 2011 at 1:58pm:

We should have taken bets (non pecuniary of course) on the All Ords at CoB. Wink

I'd say that tomorrow might be more indicative.

Tomorrow when the American market opens, ours will follow from the trend theirs is taking I should think. I wouldn't even hazard a guess, it's a weird world out there in share land.

ok close of business tomorrow for All Ords 4040 that's pretty low.

My bet is 4100.

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Amadd

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Re: ASX latest news
Reply #17 - Aug 8^th, 2011 at 3:14pm

Being the pessimist that I am, I'll go for 3950 (all ords)

There was a great panic scene from Flying High that I woulda liked to have added. Couldn't find it, but it may have been it a bit saucy anyway ..from mammory.

Quote:

"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.

That's gotta give you confidence Grin

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perceptions_now

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Re: ASX latest news
Reply #18 - Aug 8^th, 2011 at 3:47pm

Well, the scene is being set!

DOW Futures are down, around 280 a present and the main show doesn't start for about 8 hours yet.

A lot now depends on what happens in the US over night (OZ time).

We could awake to see blood flowing on Wall Street OR the US FED Reserve may yet come to the rescue with another "scheme", which will kick the can a little further down the road?

Either way, either now or a little later, there will be a lot of financial pain & if the consequences are not fairly spread across Business & high end income earners, then the consequences may well be a lot more dire, than is currently thought, even by TPTB!

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« Last Edit: Aug 8^th, 2011 at 3:55pm by perceptions_now »

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muso

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Re: ASX latest news
Reply #19 - Aug 8^th, 2011 at 4:06pm

muso wrote on 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. >>
................................................................................
.....

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.

4055.8 at close. Ok. Cool

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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: ASX latest news Reply #20 - Aug 8^th, 2011 at 4:11pm That seems to be days end. Not quite end of days, but there does seem to be an emerging trend! This chart also also seems to be a "real time" updater, as Muso said, providing you reload or refresh the scene.
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Amadd Gold Member Offline Mo Posts: 6217	Re: ASX latest news Reply #21 - Aug 8^th, 2011 at 4:34pm Quote: 4055.8 at close. Ok. Nearly 6 points out! Lift yer game Muso
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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: ASX latest news Reply #22 - Aug 8^th, 2011 at 4:49pm Something going on, DOW Futures still down, but now only by 210, whereas an hour ago, it was down by 280!
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perceptions_now

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Re: ASX latest news
Reply #23 - Aug 8^th, 2011 at 7:50pm

perceptions_now wrote on Aug 8^th, 2011 at 4:49pm:

Something going on, DOW Futures still down, but now only by 210, whereas an hour ago, it was down by 280!

Well, there has/is certainly been some games palyed?

At one point the Dow Future traded down some 320 points, it then recovered to be down "only", before commencing a relapse a couple of hours ago and it is now trading down in the 240-250 range.

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Sappho Gold Member Offline OzPolitic Posts: 1406 Gender:	Re: ASX latest news Reply #24 - Aug 8^th, 2011 at 8:22pm Two large European banks Socgen and Unicredit are on the brink of collapse.... that's gotta hurt the markets.
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perceptions_now

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Re: ASX latest news
Reply #25 - Aug 8^th, 2011 at 9:34pm

Sappho wrote on Aug 8^th, 2011 at 8:22pm:

Two large European banks Socgen and Unicredit are on the brink of collapse.... that's gotta hurt the markets.

Just to give that perspective, because many Australians may not have heard of these banks, the following were the largest by Assests in 2010 -
[url]http://www.creditwritedowns.com/2010/06/the-largest-european-banks-by-assets.html [/url]

Top 40 EU Banks By Assets (in Millions)
BNP Paribas France 2,952.22
Royal Bank of Scotland United Kingdom 2,727.94
HSBC Holdings United Kingdom 2,355.83
Crédit Agricole France 2,227.22
Barclays United Kingdom 2,223.04
Deutsche Bank Germany 2,150.60
ING Group Netherlands 1,667.62
Lloyds Banking Group United Kingdom 1,650.78
Société Générale Group France 1,468.72
UniCredit Group Italy 1,438.91

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perceptions_now

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Re: ASX latest news
Reply #26 - Aug 8^th, 2011 at 10:13pm

perceptions_now wrote on 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

Well, that site seems to have packed it in, the following one may be of use for Futures markets, but it also has a range of other info, including -
1) Gold
2) Oil
3) Silver
4) A range of Commodities
5) Various other Futures - FTSE, DAC, CAC, NIKKEI

Have fun?

http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm

Btw, DOW Futures currently down 264 & Glod is just over US$1,700

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: ASX latest news Reply #27 - Aug 9^th, 2011 at 6:31am Another day, another dollar....lost DOW JONES -512.76 -4.31 11383
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perceptions_now

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Re: ASX latest news
Reply #28 - Aug 9^th, 2011 at 8:51am

Ex Dame Pansi wrote on Aug 9^th, 2011 at 6:31am:

Another day, another dollar....lost

DOW JONES

-512.76 -4.31

11383

http://media.news.com.au/aegis/charts/DOWJON_ID_SharePriceChart_Daily.jpg

Well, I'm not sure about "another day another dollar...lost", I initially thought of Clint Eastwoods "a fistful of Dollars" and then settled on another Eastwood classic -
"The Good, the Bad & the Ugly"

We've had the Good, now we're having the Bad and the Ugly is still to come!

Btw, there was a large dip at the end of US DOW trading and the DOW actually finished down by 635 points.
http://au.finance.yahoo.com/echarts?s=^DJI#symbol=^dji;range=1d;compare=;indicat...

In fact, the DOW fell 300 points in the last 40 minutes of trading and DOW Futures are already down, some 80 points in after hours trading contrinuing that trend and the OZ SPI200 is also down 150, which does not bode well for the local market today!.

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Amadd Gold Member Offline Mo Posts: 6217	Re: ASX latest news Reply #29 - Aug 9^th, 2011 at 8:56am Let's see what today holds for the all ords. The overnight DOW may compensate for my pessimistic prediction, and I might just have a chance at beating Muso's 5.8 pt. prediction. That's all that really matters to me right now
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