Australian Politics Forum - Stock Market crashing !!

Sir Grappler Truth Teller OAM Gold Member Offline Australian Politics Posts: 90135 Proud Old White Australian Man Gender:	Re: Stock Market crashing !! Reply #90 - Mar 11^th, 2020 at 6:32pm Scotty's Swann Dive - Pensioners etc to receive a bonus payment to boost economy. Piss, pokies, pussy, ponies, puppies... here we come!
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Bobby. Gold Member Offline Australian Politics Posts: 118920 Melbourne Gender:	Re: Stock Market crashing !! Reply #91 - Mar 11^th, 2020 at 6:37pm Sir Grappler Truth Teller OAM wrote on Mar 11^th, 2020 at 6:32pm: Scotty's Swann Dive - Pensioners etc to receive a bonus payment to boost economy. Piss, pokies, pussy, ponies, puppies... here we come! But still the stock market goes down. S&P/ASX 200 INDEXASX: XJO 5,725.90 −213.70 (3.60%)
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Jasin

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Re: Stock Market crashing !!
Reply #92 - Mar 12^th, 2020 at 7:04am

Sir Grappler Truth Teller OAM wrote on Mar 11^th, 2020 at 6:32pm:

Scotty's Swann Dive - Pensioners etc to receive a bonus payment to boost economy.

Piss, pokies, pussy, ponies, puppies... here we come!

You're right there.
Most pension money I've seen spent on is Entertainment Venues and little white Fluffy Dogs with expensive diets.

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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Sir lastnail

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Re: Stock Market crashing !!
Reply #93 - Mar 12^th, 2020 at 9:56am

Sophia wrote on Mar 10^th, 2020 at 5:06pm:

Sir lastnail wrote on Mar 10^th, 2020 at 4:56pm:

Sophia wrote on Mar 10^th, 2020 at 4:31pm:

greggerypeccary wrote on Mar 10^th, 2020 at 4:03pm:

Captain Caveman wrote on Mar 10^th, 2020 at 4:01pm:

greggerypeccary wrote on Mar 10^th, 2020 at 3:59pm:

Trump says that movements on the Dow are a sign of America's confidence in his Administration.

What does this say then?

"The largest Dow Jones point drop in history occurred on March 9, 2020."

[url]https://thedailybanter.com/.image/t_share/MTQ0NDM3MDQxMzgyMzAzNjQz/tr
ump-donald-worriedjpg.jpg[/url]

I'm curious.

So you believe it dropped because of trump?
Hmmmm.... Cheesy

Trump himself says that movements on the stock exchange are a result of America's confidence in his Administration.

So, what does this say about America's confidence in his Administration?

"The largest Dow Jones point drop in history occurred on March 9, 2020."

Thoughts?

I think Trump is trying hard to keep everyone’s confidence afloat and trying to keep positive but unfortunately, the virus fear seems to be winning.

Now Italy is in lockdown of 16 million people.
I saw a suggestion by someone prominent (forgot who) saying that Sydney within an 8 km radius should lock down with more new cases of virus infection occurring. That means Sydney Harbour will be at a stand still?
No cruise ships to leave or enter?

Case
Case
Case
Cluster
Cluster
Boom!
(The only thing not ‘boom’ is the stock market)

Australia has already reached the boom stage because scumo and frydenturd are too busy trying to fix the economy rather than address the health apsects ! Idiot aussies have no test facilities for this virus and idiot radio commentators such as Tom Elliot are dismissing it as trivial and comparing it to the flu !! What a f.cken idiot. Wait till someone in his families cops it.

Guess what!

South Australia are the first to have drive through testing now!
One person every 20 minutes.

Who would have thought SA to be the first!
I’m duly impressed

Okay the other states need to follow by example if they are serious to get on top of this virus!!
Just do it !

Cmon Aussie cmon

They are one month too late. They have already gone way beyond the containment stage Sad

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Sir lastnail

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Re: Stock Market crashing !!
Reply #94 - Mar 12^th, 2020 at 9:58am

Baronvonrort wrote on Mar 10^th, 2020 at 1:18pm:

Sir lastnail wrote on Mar 9^th, 2020 at 12:24pm:

Baronvonrort wrote on Mar 9^th, 2020 at 12:09pm:

Gordon wrote on Mar 9^th, 2020 at 11:36am:

Sir lastnail wrote on Mar 9^th, 2020 at 11:34am:

ASX down 6.1% !!

A smart bloke like you would see this as a buying opportunity, right?

Nah Nails doesn't have any money.

Smart is offloading 3000 Commonwealth Banks shares on Thursday afternoon at $77.50 then buying them back at $70.08 today for a tidy sum in a couple of days.

The Commonwealth bank isn't going to go broke the lefties continually whinge how banks are crooks..lol

You got a margin call did ya Wink

LOL

and how much cash reserves does the bank have to cover it's bad loans ?? And how much of its loan book is in property ??

when scumo and co no longer have any more cans to kick down the road to keep their housing ponzi scam going what you going to do with your bank shares ?? Maybe use them as dunny roll Cheesy

LOL

If I waited a bit longer I could have made far more, I didn't think it would go much below $70 before bouncing back.

The price dropped down to $65.80 this morning and has rebounded to $71.24.
https://www.google.com.au/search?source=hp&ei=rgRnXomvJ-yQ4-EPiY6ekAg&q=commonwe...

The Banks aren't going to go broke people get paid with bank deposits instead of going to the pay office, the recent ban on cash transactions over $10K means they will be around for quite some time. We are moving towards a cashless society we can't do that without banks.

My Westpac shares wouldn't have given as much in a return by selling them high then buying them back.

The hoarders stocking up on dunny paper, rice ,pasta etc means my Woolworths shares will continue to do well.

Might sell my Westfield shares in the future. Frank Lowy is no longer in control and the world is moving further towards online shopping. Not many vacant shops in any Westfields these shares have performed well over the last 30 years.

You should have waited a few more days. It was only a dead cat bounce Wink

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Sir lastnail Gold Member Offline Australian Politics Posts: 30915 Gender:	Re: Stock Market crashing !! Reply #95 - Mar 12^th, 2020 at 12:12pm ASX down 7.7% !!!
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Captain Nemo

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Re: Stock Market crashing !!
Reply #96 - Mar 12^th, 2020 at 2:38pm

The problem is ... you can't say when the bottom has been reached until after it comes up again without being a "dead cat bounce" ... some time to go yet probably before we find out where the bottom of the market was.

Of course, by then we will have missed the absolute bargain prices, but still will be buying shares at a massive discount to where they were a couple of months back.

It ain't all bad. Shares are a long term investment.

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The 2025 election WAS a shocker.

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Bobby. Gold Member Offline Australian Politics Posts: 118920 Melbourne Gender:	Re: Stock Market crashing !! Reply #97 - Mar 13^th, 2020 at 5:10am Sir lastnail wrote on Mar 12^th, 2020 at 12:12pm: ASX down 7.7% !!! DOW is down to - 8.5% right now.
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chimera Gold Member Offline Australian Politics Posts: 15426 Armidale Gender:	Re: Stock Market crashing !! Reply #98 - Mar 13^th, 2020 at 6:10am Bitcoin the emergency safe haven is dumping. Sell . Buy paper rolls of tissue paper.
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Bobby. Gold Member Offline Australian Politics Posts: 118920 Melbourne Gender:	Re: Stock Market crashing !! Reply #99 - Mar 13^th, 2020 at 6:31am Bobby. wrote on Mar 13^th, 2020 at 5:10am: Sir lastnail wrote on Mar 12^th, 2020 at 12:12pm: ASX down 7.7% !!! DOW is down to - 8.5% right now. DOW down 10% wow
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greggerypeccary Gold Member Online Australian Politics Posts: 151977 Gender:	Re: Stock Market crashing !! Reply #100 - Mar 13^th, 2020 at 6:39am Bobby. wrote on Mar 13^th, 2020 at 6:31am: Bobby. wrote on Mar 13^th, 2020 at 5:10am: Sir lastnail wrote on Mar 12^th, 2020 at 12:12pm: ASX down 7.7% !!! DOW is down to - 8.5% right now. DOW down 10% wow Biggest drop since 1987. ALL thanks to this guy:
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