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Stock market crash today (Read 1630 times)
Sir Bobby
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Stock market crash today
May 18th, 2012 at 11:39am
 
The Aussie market fell 2.1 % this morning.
Our dollar is only 98.5 cents.



[url=http://www.smh.com.au/business/markets/dollar-hits-2012-lows-as-europe-fears-spread-20120518-1yu9v.html Quote:Dollar]hits 2012 lows as Europe fears spread[/url]

[quote]May 18, 2012 - 11:21AM

The Australian dollar slid to its lowest level this year as concerns about Europe's debt troubles spark a rush for greenbacks.

The dollar fell to 98.52 US cents, its weakest point since November 28 last year. It was also buying 78.3 yen, 77.7 euro cents and 62.5 pence.


I'm glad I went into the Capital Guaranteed fund with Aussie Super
back in 2008. I haven't lost any money

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Sir lastnail
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Re: Stock market crash today
Reply #1 - May 18th, 2012 at 11:43am
 
yeh what happened to that twirp here who was a financial expert on super funds that kept telling us that we didn't know what we were talking about ? qivktec i think it was.

He will still tell us that you're in it for the long run !! 

To bad if you are retiring now though Sad
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« Last Edit: May 18th, 2012 at 12:05pm by Sir lastnail »  

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Karnal
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Re: Stock market crash today
Reply #2 - May 18th, 2012 at 11:44am
 
I'm glad I just came back from overseas.
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Sir Bobby
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Re: Stock market crash today
Reply #3 - May 18th, 2012 at 11:54am
 
Sir lastnail wrote on May 18th, 2012 at 11:43am:
yeh what happened to that twirp who was a financial expert on super funds on here that kept telling us that we didn't know what we were talking about ? qivktec i think it was.

He will still tell us that you're in it for the long run !! 

To bad if you retiring now though Sad



It was verge
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Sir Spot of Borg
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Re: Stock market crash today
Reply #4 - May 18th, 2012 at 11:59am
 
Why do ppl think they have lost money when the stock market goes down? If you dont sell then it will still be there when it goes back up. The stock market always goes up and down.

SOB
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Sir lastnail
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Re: Stock market crash today
Reply #5 - May 18th, 2012 at 12:06pm
 
Sir Spot of Borg wrote on May 18th, 2012 at 11:59am:
Why do ppl think they have lost money when the stock market goes down? If you dont sell then it will still be there when it goes back up. The stock market always goes up and down.

SOB


to bad if you are retiring now though Sad
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Sir lastnail
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Re: Stock market crash today
Reply #6 - May 18th, 2012 at 12:11pm
 
just heard that Spain has slipped back into recession Sad Hardly surprising though Sad
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Sir Spot of Borg
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Re: Stock market crash today
Reply #7 - May 18th, 2012 at 12:14pm
 
Sir lastnail wrote on May 18th, 2012 at 12:06pm:
Sir Spot of Borg wrote on May 18th, 2012 at 11:59am:
Why do ppl think they have lost money when the stock market goes down? If you dont sell then it will still be there when it goes back up. The stock market always goes up and down.

SOB


to bad if you are retiring now though Sad


Is that how it works? you take it ALL out @ once?

SOB
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Verge
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Re: Stock market crash today
Reply #8 - May 18th, 2012 at 12:16pm
 
Sir Bobby wrote on May 18th, 2012 at 11:54am:
Sir lastnail wrote on May 18th, 2012 at 11:43am:
yeh what happened to that twirp who was a financial expert on super funds on here that kept telling us that we didn't know what we were talking about ? qivktec i think it was.

He will still tell us that you're in it for the long run !! 

To bad if you retiring now though Sad



It was verge


Im the tax expert on how super funds work.

How you invest is you business, but your understanding of the taxation treatment on them has been something Ive had to continually correct, because simply neither of you two understand how that works, but thanks for playing along.
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Sir Bobby
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Re: Stock market crash today
Reply #9 - May 18th, 2012 at 12:54pm
 
Verge wrote on May 18th, 2012 at 12:16pm:
Sir Bobby wrote on May 18th, 2012 at 11:54am:
Sir lastnail wrote on May 18th, 2012 at 11:43am:
yeh what happened to that twirp who was a financial expert on super funds on here that kept telling us that we didn't know what we were talking about ? qivktec i think it was.

He will still tell us that you're in it for the long run !! 

To bad if you retiring now though Sad



It was verge


Im the tax expert on how super funds work.

How you invest is you business, but your understanding of the taxation treatment on them has been something Ive had to continually correct, because simply neither of you two understand how that works, but thanks for playing along.



Verge,
You owe Nail & me an apology as well as all the readers on Ozpolitics.
In 2008 you told us we were stupid for changing to Capital Guaranteed.
We've done better than all the bunnies who kept their money
in the high risk balanced fund.
All their gains have been wiped out.
Some have actually lost money.
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« Last Edit: May 18th, 2012 at 1:17pm by Sir Bobby »  

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red baron
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Re: Stock market crash today
Reply #10 - May 18th, 2012 at 1:11pm
 
The way Labor is running the economy my only surprise is that it has taken this long for it to happen. Cool
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Frances
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Re: Stock market crash today
Reply #11 - May 18th, 2012 at 1:14pm
 
Doesn't sound serious enough to be termed a crash though.
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Sir Bobby
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Re: Stock market crash today
Reply #12 - May 18th, 2012 at 1:27pm
 
Frances wrote on May 18th, 2012 at 1:14pm:
Doesn't sound serious enough to be termed a crash though.



The ASX has lost $100 billion already in May.
It's still diving today.
How would you define a crash?
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Sir Spot of Borg
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Re: Stock market crash today
Reply #13 - May 18th, 2012 at 1:34pm
 
Yeah. Thats a good question what is defined a "crash"? I have occasionally invested int eh stock market and I have found that over time it usually goes up but thats a lot of time with a bunch of drops along the way.

SOB
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Sir Bobby
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Re: Stock market crash today
Reply #14 - May 18th, 2012 at 2:19pm
 
It came up a bit but is now going down again.

ASX now at -1.6%.
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Skeptical scrutiny is the means, in both science and religion, by which deep thoughts can be winnowed from deep nonsense. Carl Sagan
 
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