Australian Politics Forum - Stock Market crashing !!

Sir lastnail

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Re: Stock Market crashing !!
Reply #60 - Mar 10^th, 2020 at 11:28am

Bobby. wrote on Mar 10^th, 2020 at 11:22am:

Sir lastnail wrote on Mar 10^th, 2020 at 10:26am:

Bobby. wrote on Mar 10^th, 2020 at 9:36am:

It's going up now

only down 0.65%.

The RBA may have stepped in to prop up thye share market !!

No - the super funds are buying them.
They have billions of dollars to play with.

Or it's big traders and fund managers covering short positions 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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SadKangaroo

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Not sad, just paying attention
to how cooked it is

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Re: Stock Market crashing !!
Reply #61 - Mar 10^th, 2020 at 11:35am

Bobby. wrote on Mar 10^th, 2020 at 11:22am:

Sir lastnail wrote on Mar 10^th, 2020 at 10:26am:

Bobby. wrote on Mar 10^th, 2020 at 9:36am:

It's going up now

only down 0.65%.

The RBA may have stepped in to prop up thye share market !!

No - the super funds are buying them.
They have billions of dollars to play with.

While you're still playing chicken little, this time it's at least, sadly, we're looking at some hard times with how everyone is panicking but also the travel limitations putting on the hurt.

It will only be compounded with our current leadership here, unless they do the right thing and mirrors Labor's response to the GFC that they went apeshit over at the time and trashed Swan at every opportunity since.

Time to put up or, run the country into the ground Sad

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Marla Gold Member Offline A joint a day keeps the MAGA away Posts: 14734 Colorado Gender:	Re: Stock Market crashing !! Reply #62 - Mar 10^th, 2020 at 12:14pm chimera wrote on Mar 10^th, 2020 at 6:00am: Putin is panic selling oil and defying Saudi and US outputs. Toilet paper barter for oil is the way for Scomo , maybe fill an empty dam somewhere. Oil hydro power in the Snowy will promote carbon over renewable. Didn't understand one word of that.
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aquascoot

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Re: Stock Market crashing !!
Reply #63 - Mar 10^th, 2020 at 12:38pm

Frank wrote on Mar 9^th, 2020 at 7:13pm:

Setanta wrote on Mar 9^th, 2020 at 6:48pm:

I'd rather just grow old gracefully at this stage though.

Tips, please.

I am ready chuck it all in but it would be my first time so I am not sure what i'm in for. As the guy said in Monty Python - 'what's it like?'

What's it like not working?

i would imagine you HAVE to have a goal.
you HAVE to bounce out of bed in the morning with something to do.
that sets up the dopamine and serotonin and keeps your emotions stable.

if you dont, you will enter an existential fog where you become increasingly confused as to "what it all means".
now you are just sitting around waiting to be "preyed upon" by a cancer or a corona or a coronary".
that leads to anxeity, tons of negative emotions, cortisol, adrenaline, poor sleep and ill health (physically and mentally).

i actually dont think people should ever quit.
the idea of the golden years and enjoying sitting on a beach or endless cruising is a mirage.

find something that interests you.
my uncle got interested in the american civil war.
every year, him and another 40 or so aussies go to the USA and do research and study and read old texts and archives.
it has kept him engaged into his 90's.

he would be dead if he just sat around, wallowing in self pity , posting on oz politics about how scomo needs to raise the pension by $20 a week Roll Eyes

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chimera

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Re: Stock Market crashing !!
Reply #64 - Mar 10^th, 2020 at 12:55pm

Marla wrote on Mar 10^th, 2020 at 12:14pm:

chimera wrote on Mar 10^th, 2020 at 6:00am:

Putin is panic selling oil and defying Saudi and US outputs. Toilet paper barter for oil is the way for Scomo , maybe fill an empty dam somewhere. Oil hydro power in the Snowy will promote carbon over renewable.

Didn't understand one word of that.

Oil floats on water and after generating hydro power , the water flows on but the oil is separated and returned for pumped storage into the dam. This uses wind power in off peak. Then the oil is sold next year to China at enormous profit. Or kept as cheap reserve fuel.

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Baronvonrort

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Re: Stock Market crashing !!
Reply #65 - Mar 10^th, 2020 at 1:07pm

Marla wrote on Mar 10^th, 2020 at 12:14pm:

chimera wrote on Mar 10^th, 2020 at 6:00am:

Putin is panic selling oil and defying Saudi and US outputs. Toilet paper barter for oil is the way for Scomo , maybe fill an empty dam somewhere. Oil hydro power in the Snowy will promote carbon over renewable.

Didn't understand one word of that.

The USA is the worlds largest producer of oil.

This oil price drop by the Saudis has nothing to do with the stockmarket.

The Saudis have competition with US shale oil one way to stop this is for the Saudis to drop the price of oil.

Quote:

The oil price war is a nightmare for US shale producers

US shale oil firms have far higher production costs than Saudi Arabia, which unleashed a price war over the weekend.

A perfect storm is forming over the United States shale oil patch.

Following the collapse of the alliance between Saudi Arabia-led OPEC and its most important ally - Russia - on Friday, the kingdom threw down the gauntlet. The Saudis slashed the prices they charge for crude, and reportedly are preparing to open up the oil taps even more next month, saturating a market already reeling from waning demand in the face of coronavirus disruptions.

At $2.8 per barrel, Saudi state oil giant Aramco has the lowest production costs in the world. US shale oil producers need crude to fetch a price that is more than 14 times higher to cover their costs. Now, the oil price war that has erupted has US shale oil companies rushing to cut spending and rein in their production.

Global benchmark Brent crude fell 30 percent on Monday, the largest one-day slide since the 1991 Gulf War, before pairing some of those losses. US benchmark West Texas Intermediate crude tanked 24.59 percent to settle at $31.13 per barrel.

For the last three years, OPEC and its allies, chiefly Russia, have cut supply to support prices, leaving the door open for US shale producers to boost production and capture market share.

The US is now the largest oil producer in the world, pumping out nearly 13 million barrels per day (bpd), but the companies operating fields in Texas, New Mexico and other states have struggled to make enough money to satisfy investors.

Shale companies need prices at least in the low $40s per barrel to cover direct costs, said Ian Nieboer, a managing director at consultant Enverus. If US prices remain at a low-$30-a-barrel range, "it starts to look more lethal," he said.

https://www.aljazeera.com/ajimpact/oil-price-war-nightmare-shale-producers-20030...

Shale oil has resulted in the Saudis dropping the oil price, it shows what some competition can do for market prices.

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Marla Gold Member Offline A joint a day keeps the MAGA away Posts: 14734 Colorado Gender:	Re: Stock Market crashing !! Reply #66 - Mar 10^th, 2020 at 1:09pm
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Baronvonrort

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Re: Stock Market crashing !!
Reply #67 - 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.

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Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

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greggerypeccary Gold Member Offline Australian Politics Posts: 152039 Gender:	Re: Stock Market crashing !! Reply #68 - Mar 10^th, 2020 at 1:29pm Marla wrote on Mar 10^th, 2020 at 1:09pm: It's so sad to see what was such a great country being ruined by that clown. I hope someone, or some thing, can stop him before he completely destroys your nation.
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Sir lastnail

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Re: Stock Market crashing !!
Reply #69 - Mar 10^th, 2020 at 1:30pm

Baronvonrort wrote on Mar 10^th, 2020 at 1:07pm:

Marla wrote on Mar 10^th, 2020 at 12:14pm:

chimera wrote on Mar 10^th, 2020 at 6:00am:

Putin is panic selling oil and defying Saudi and US outputs. Toilet paper barter for oil is the way for Scomo , maybe fill an empty dam somewhere. Oil hydro power in the Snowy will promote carbon over renewable.

Didn't understand one word of that.

The USA is the worlds largest producer of oil.

This oil price drop by the Saudis has nothing to do with the stockmarket.

The Saudis have competition with US shale oil one way to stop this is for the Saudis to drop the price of oil.

Quote:

The oil price war is a nightmare for US shale producers

US shale oil firms have far higher production costs than Saudi Arabia, which unleashed a price war over the weekend.

A perfect storm is forming over the United States shale oil patch.

Following the collapse of the alliance between Saudi Arabia-led OPEC and its most important ally - Russia - on Friday, the kingdom threw down the gauntlet. The Saudis slashed the prices they charge for crude, and reportedly are preparing to open up the oil taps even more next month, saturating a market already reeling from waning demand in the face of coronavirus disruptions.

At $2.8 per barrel, Saudi state oil giant Aramco has the lowest production costs in the world. US shale oil producers need crude to fetch a price that is more than 14 times higher to cover their costs. Now, the oil price war that has erupted has US shale oil companies rushing to cut spending and rein in their production.

Global benchmark Brent crude fell 30 percent on Monday, the largest one-day slide since the 1991 Gulf War, before pairing some of those losses. US benchmark West Texas Intermediate crude tanked 24.59 percent to settle at $31.13 per barrel.

For the last three years, OPEC and its allies, chiefly Russia, have cut supply to support prices, leaving the door open for US shale producers to boost production and capture market share.

The US is now the largest oil producer in the world, pumping out nearly 13 million barrels per day (bpd), but the companies operating fields in Texas, New Mexico and other states have struggled to make enough money to satisfy investors.

Shale companies need prices at least in the low $40s per barrel to cover direct costs, said Ian Nieboer, a managing director at consultant Enverus. If US prices remain at a low-$30-a-barrel range, "it starts to look more lethal," he said.

https://www.aljazeera.com/ajimpact/oil-price-war-nightmare-shale-producers-20030...

Shale oil has resulted in the Saudis dropping the oil price, it shows what some competition can do for market prices.

Wait till electric cars become mainstream then the arabs will have to go back to the deserts and ride cammels Cheesy

LOL

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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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Bam

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Re: Stock Market crashing !!
Reply #70 - Mar 10^th, 2020 at 3:56pm

Sir lastnail wrote on Mar 10^th, 2020 at 10:28am:

This is what happens in a free market. No government intervention like first home buyers grants and deposits to help stop house prices from crashing. There is nothing like this for the share market and you can see the results !!

There is, actually.

Bobby. wrote on Mar 10^th, 2020 at 4:20am:

The S&P 500 plummeted 7% at the open, tripping circuit breakers that briefly halted trading at the New York Stock Exchange.

If they lose too much, trading stops.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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greggerypeccary Gold Member Offline Australian Politics Posts: 152039 Gender:	Re: Stock Market crashing !! Reply #71 - 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."* I'm curious.
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Captain Caveman

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Re: Stock Market crashing !!
Reply #72 - 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

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greggerypeccary

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Re: Stock Market crashing !!
Reply #73 - 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?

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Sophia

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Re: Stock Market crashing !!
Reply #74 - 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)

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