Australian Politics Forum - Stock Market Crash

Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #15 - Aug 27^th, 2022 at 11:54am Wall Street Futures are down heavily The NASDAQ is down almost 5% https://edition.cnn.com/business/markets/premarkets
Back to top	IP Logged

Sophia

Gold Member

Offline

Posts: 9760

Re: Stock Market Crash
Reply #16 - Aug 27^th, 2022 at 12:00pm

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

Sorry to hear that sir nail.
We all could tell either boom or bust stories with either stock market or real estate.
20 years ago gold was about $350 an ounce on the market… now it’s over $1700 and I had seen info from a keen investor say to go with gold. Also with blue chip.
But I never did.
I wasn’t certain about all those figures of $$$ on just the paper it’s written on.
I decided real estate… now some was very good and some very disappointing. But overall we were ahead so no big losses.
There are some regrets and there are some successes.

You shouldn’t let the scare of a loss stop you from going in for another try…
Like I said… I’ve got some stories I could tell since the 90s recession-we-had-to-have era.

Back to top

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30923
Gender: male

Re: Stock Market Crash
Reply #17 - Aug 27^th, 2022 at 12:43pm

freediver wrote on Aug 27^th, 2022 at 10:17am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

So we should take you seriously because you got it wrong 20 years ago?

No not at all. History repeats itself time and time again in the markets. It's all about mass crowd psychology. People are like sheep and usually follow the herd. They like to latch onto gurus or some kind of authority but you know what they say about free financial advice is worth exactly what you pay for it. And even the payed stuff is never guaranteed either. At the end of the day it's your call but the warning signs have been there for a long time. Wink

Back to top

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

IP Logged

Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #18 - Aug 27^th, 2022 at 12:47pm bubbles burst
Back to top	IP Logged

freediver

Gold Member

Online

www.ozpolitic.com

Posts: 53247
At my desk.

Re: Stock Market Crash
Reply #19 - Aug 27^th, 2022 at 12:51pm

Sir lastnail wrote on Aug 27^th, 2022 at 12:43pm:

freediver wrote on Aug 27^th, 2022 at 10:17am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

So we should take you seriously because you got it wrong 20 years ago?

No not at all. History repeats itself time and time again in the markets. It's all about mass crowd psychology. People are like sheep and usually follow the herd. They like to latch onto gurus or some kind of authority but you know what they say about free financial advice is worth exactly what you pay for it. And even the payed stuff is never guaranteed either. At the end of the day it's your call but the warning signs have been there for a long time. Wink

Are you predicting a stock market crash some time in the next decade, or next week?

Back to top

People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

IP Logged

lee Gold Member Offline Australian Politics Posts: 21118 Gender:	Re: Stock Market Crash Reply #20 - Aug 27^th, 2022 at 12:56pm I see the ASX has gone up 4% over the course of the month. It is down for 2022.
Back to top	IP Logged

Bias_2012

Gold Member

Offline

Australian Politics

Posts: 10766
Gender: male

Re: Stock Market Crash
Reply #21 - Aug 27^th, 2022 at 1:26pm

freediver wrote on Aug 27^th, 2022 at 12:51pm:

Are you predicting a stock market crash some time in the next decade, or next week?
Posted by: Boris Mark & Quote

We've been in a gradual crash since 2009, the fundamentals have never been strong since then, but the wealthy have got wealthier, so it's the 90% that are suffering, and will suffer for a long time yet

There's one thing I've never seen before, and that's empty shelves in supermarkets, it's a wake-up call, Covid has been mishandled and we are paying for it now

Toll fees are going up, so are Council rates, fuel costs are rising, flood insurance premiums have risen about 300%, power costs have risen 50%, food prices have risen. Even business in $2 reject shops has slackened off

Wages have gone up ... errr, how much? ... you won't see them go up much in the foreseeable future either ... but debt is high and must be paid off

Expect more gradual crashing

Back to top

Our Lives Are Governed By The Feast & Famine Variable

IP Logged

freediver Gold Member Online www.ozpolitic.com Posts: 53247 At my desk.	Re: Stock Market Crash Reply #22 - Aug 27^th, 2022 at 2:01pm Quote: We've been in a gradual crash since 2009, the fundamentals have never been strong since then What fundamentals? The ASX 200 is now more than double what it was in 2009.
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged

Jasin Gold Member Offline Posts: 56854 Gender:	Re: Stock Market Crash Reply #23 - Aug 27^th, 2022 at 2:26pm I hope it all comes crashing down.
Back to top	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. IP Logged

lee Gold Member Offline Australian Politics Posts: 21118 Gender:	Re: Stock Market Crash Reply #24 - Aug 27^th, 2022 at 2:40pm Jasin wrote on Aug 27^th, 2022 at 2:26pm: I hope it all comes crashing down. So you don't have any super at all in shares? That's sad looking at interest rates,
Back to top	IP Logged

Jasin Gold Member Offline Posts: 56854 Gender:	Re: Stock Market Crash Reply #25 - Aug 27^th, 2022 at 2:41pm I had a great time during Lockdown too.
Back to top	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. IP Logged

Bias_2012

Gold Member

Offline

Australian Politics

Posts: 10766
Gender: male

Re: Stock Market Crash
Reply #26 - Aug 27^th, 2022 at 2:47pm

freediver wrote on Aug 27^th, 2022 at 2:01pm:

Quote:

We've been in a gradual crash since 2009, the fundamentals have never been strong since then

What fundamentals?

The ASX 200 is now more than double what it was in 2009.

Our Dollar is 67c, housing is in short supply, income is low, national debt is high, productivity is not as high as it should be, and services are becoming very expensive

The ASX and the All Ordinaries will drop in the next week, following the trend of the Dow, bringing them back down to about 2019 level

Back to top

Our Lives Are Governed By The Feast & Famine Variable

IP Logged

freediver Gold Member Online www.ozpolitic.com Posts: 53247 At my desk.	Re: Stock Market Crash Reply #27 - Aug 27^th, 2022 at 2:50pm In 2019 it was nearly as high as it is right now. What does the exchange rate tell you?
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged

Bias_2012

Gold Member

Offline

Australian Politics

Posts: 10766
Gender: male

Re: Stock Market Crash
Reply #28 - Aug 27^th, 2022 at 3:13pm

freediver wrote on Aug 27^th, 2022 at 2:50pm:

In 2019 it was nearly as high as it is right now.

What does the exchange rate tell you?

The exchange rate tells me we must keep buying cheap inferior imported goods that break down and fall apart, so that we can keep consumerism going, the economy is all about consuming cheap Chinese products

Our exports are cheaper for other nations, but what exports do we have? - not nearly enough

Back to top

Our Lives Are Governed By The Feast & Famine Variable

IP Logged

freediver Gold Member Online www.ozpolitic.com Posts: 53247 At my desk.	Re: Stock Market Crash Reply #29 - Aug 28^th, 2022 at 8:50am How does it tell you that? Is it like reading tea leaves?
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged