Australian Politics Forum - Share market crash this morning.

Sophia

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Re: Share market crash this morning.
Reply #165 - Apr 7^th, 2025 at 11:12am

Leroy wrote on Apr 7^th, 2025 at 11:04am:

Sophia wrote on Apr 7^th, 2025 at 11:02am:

Bobby. wrote on Apr 7^th, 2025 at 10:42am:

Don't panic:

ANZ down 5.68%

CBA down 8.45%

NAB down 6.94%

BHP down 8.69%

Westpac down 7.07%

Fortescue down 8.75%

Good time to buy. Rather than having meltdown and panic sell.
Cryptocurrency is down too.

Big whales like Warren Buffet and others, all must’ve had inside information as they pulled out 2-4 hundred million out a month ago from shares.

Then when things bottom out…. In they come again (whales) to buy back lower, and up goes the prices again.
So manipulated.

Yeah billionaires will get richer from this, only because they don't panic. All these people going around attacking Musk and Trump only hurting themselves.

Distractions, makes people take their eyes off the prize.
There are always events to make markets fluctuate. War, COVID, elections, tariffs etc.
No use trading when affected by emotions.
You only lose when you sell.
I’m watching fluctuations and think to self… stand back, disassociate and wait.
If small investors don’t take advantage buying now in dip…. they will look back later in year and wish they did, rather than didn’t shrink back with concern/fear.

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greggerypeccary Gold Member Offline Australian Politics Posts: 146017 Gender:	Re: Share market crash this morning. Reply #166 - Apr 7^th, 2025 at 11:13am Is this what the TDS afflicted MAGA morons voted for? Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.
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Bobby.

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Re: Share market crash this morning.
Reply #167 - Apr 7^th, 2025 at 11:15am

greggerypeccary wrote on Apr 7^th, 2025 at 11:13am:

Is this what the TDS afflicted MAGA morons voted for?

Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.

There goes your Super money -

Trump stole it.

More falls to come.

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greggerypeccary

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Re: Share market crash this morning.
Reply #168 - Apr 7^th, 2025 at 11:17am

Bobby. wrote on Apr 7^th, 2025 at 11:15am:

greggerypeccary wrote on Apr 7^th, 2025 at 11:13am:

Is this what the TDS afflicted MAGA morons voted for?

Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.

There goes your Super money -

Trump stole it.

More falls to come.

Ultimately, that's what he's doing - yes.

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thegreatdivide

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Re: Share market crash this morning.
Reply #169 - Apr 7^th, 2025 at 11:50am

Bobby. wrote on Aug 5^th, 2024 at 12:52pm:

SELL shares and Bitcoin now before it's too late.

But be ready to buy, if Trump changes course tomorrow after the tariffs actually come into effect; the bounce could be huge.

If he doesn't change course, well.... the global financial system doesn't work for many, anyway; a massive shake up is the first step in necessary change.

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 14055 Gender:	Re: Share market crash this morning. Reply #170 - Apr 7^th, 2025 at 12:05pm Ha.. the traders are already buying back in: the market now down (only...) 3.6%, a gain of almost 50% from the early 6% loss. The media are disappointed: "the market has since risen "slightly" " .....
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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 14055 Gender:	Re: Share market crash this morning. Reply #171 - Apr 7^th, 2025 at 12:14pm An insane economic system: "many countries will suffer, as US consumption falls due to the effects of the tariffs." Why should the world be reliant on US consumption? Madness.
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Captain Nemo Gold Member Offline Australian Politics Posts: 12846 Melbourne Gender:	Re: Share market crash this morning. Reply #172 - Apr 7^th, 2025 at 12:27pm Hard to pick the bottom when a big correction happens, I will wait a few days to see how it goes after the US markets open.
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Sophia

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Re: Share market crash this morning.
Reply #173 - Apr 7^th, 2025 at 12:49pm

thegreatdivide wrote on Apr 7^th, 2025 at 12:14pm:

An insane economic system: "many countries will suffer, as US consumption falls due to the effects of the tariffs."

Why should the world be reliant on US consumption?

Madness.

I watched a vid how India and Vietnam are doing deals with USA reducing/removing tariffs for each other.
So the negotiations begin…
India will do better than China due to cheaper labour.
China is in a recession/depression and people can’t get their money out, didn’t this happen with Greece some time ago when their banks froze them out?

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greggerypeccary Gold Member Offline Australian Politics Posts: 146017 Gender:	Re: Share market crash this morning. Reply #174 - Apr 7^th, 2025 at 1:00pm Rapist & convicted felon says: "sometimes you have to take medicine to fix something".
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freediver Gold Member Offline www.ozpolitic.com Posts: 51285 At my desk.	Re: Share market crash this morning. Reply #175 - Apr 7^th, 2025 at 2:05pm thegreatdivide wrote on Apr 7^th, 2025 at 12:14pm: An insane economic system: "many countries will suffer, as US consumption falls due to the effects of the tariffs." Why should the world be reliant on US consumption? Madness. It's called having customers.
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freediver

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Re: Share market crash this morning.
Reply #176 - Apr 7^th, 2025 at 2:25pm

Sophia wrote on Apr 7^th, 2025 at 11:03am:

Bobby. wrote on Apr 7^th, 2025 at 10:57am:

website for shares says

https://www.marketindex.com.au/asx200

We’re experiencing unprecedented traffic levels.
Users are unable to log in, and pages not loading correctly. We’re working on fixes.

How CONvenient, seems little folk investors can’t get in to buy at low prices?

Not even sure if that is a trading platform. There are plenty of others that are working.

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

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Bobby. Gold Member Offline Australian Politics Posts: 112925 Melbourne Gender:	Re: Share market crash this morning. Reply #177 - Apr 7^th, 2025 at 2:44pm https://www.marketindex.com.au/asx200 ASX 4.49% down. Some bad ones. BGL Bellevue Gold Ltd SUSPENDED $1.145 0.00 0.00 ‐ ‐ 0 $1.5B -39.26% FMG Fortescue Ltd $14.05 -0.80 -5.39% $14.20 $13.18 7,549,411 $43B -43.30%
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Bobby. Gold Member Offline Australian Politics Posts: 112925 Melbourne Gender:	Re: Share market crash this morning. Reply #178 - Apr 7^th, 2025 at 3:16pm It's a rout - a disorderly and panicked retreat, an overwhelming defeat.
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Sophia

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Re: Share market crash this morning.
Reply #179 - Apr 7^th, 2025 at 3:37pm

freediver wrote on Apr 7^th, 2025 at 2:25pm:

Sophia wrote on Apr 7^th, 2025 at 11:03am:

Bobby. wrote on Apr 7^th, 2025 at 10:57am:

website for shares says

https://www.marketindex.com.au/asx200

We’re experiencing unprecedented traffic levels.
Users are unable to log in, and pages not loading correctly. We’re working on fixes.

How CONvenient, seems little folk investors can’t get in to buy at low prices?

Not even sure if that is a trading platform. There are plenty of others that are working.

Aahh… got it… that’s just one website.
Bobby picked the worst of the bunch … but I’m seeing talk from many USA YouTubers that tomorrow will be Black Monday.
It’s a bit like Black Friday shopping sales really.
Well for some… that don’t panic.

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