If you are still in stocks you're buggered.....

  1. 3.6k
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    I saw a swarm of Black Swans migrating......heading south.....last month...

    https://www.cnbc.com/2019/08/15/bond-yields-are-tumbling-throughout-asia-pacific.html

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    We switched to bonds and term deposits on 1 August.....If you hold stocks....please leave....sell them and escape. It is going to get far uglier....

    This is not investment advice. It is common sense.....

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  3. 3.6k
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    Dow futures currently at -200 +....

    And this is before - China militarily invades HK. before Brexit stuffs the EU, before Trump bans Chinese imports, before Australia realises they have nothing more to export to China.....except, hopefully, the dollars the Chinese have spent on our infrastructure, real estate, and agriculture.....The Chinese should be fucked off and reimbursed with their slimy investment here....If they get nasty about it - they shoud be fucked off - without reimbursement....

    AND in the meantime, we should be giving base rights to anywhere the US wants to contend with China Inc.....AND we should be looking very hard ourselves at Chinese students and residents, and even 'citizens'...Weed them out and sent the pro-CCP ratbags on their way home........It is not that hard to figure out. I am available, $100 an hour to do that.....to compensate for blind dildos....AFP/ASIO are welcome to contact me.....

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  4. 1.6k
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    Still like bricks and mortar..

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  5. 3.6k
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    Tend to agree silvester....We have gone fixed interest for our super....but looking at a block we have in Perth, that has been re-zoned to put two houses on.....(a rare lucky guess)...We'll wait for the dust to settle before we build....two houses.....

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  6. 1.6k
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    Yep, all a guess.
    For me , safe property, ie apartments not built in the last 10, maybe 15 years , are worth a look.
    It's a minefield, absolutely no guarantees.
    As I've said before the IPA has a lot to answer for, seriously, I blame them for the current situation, and the fallout.to come.
    Assholes , who dont care.

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  7. 82.0k
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    i got some very nice prices in 2011 and 2012

    i should be able to ride out the drama

    and also M&A activity is also evicting me from several holdings automatically crystallizing profits ,

    now ( imo ) entry price is important here ( and those buying near the bottom of the GFC would be better positioned than me )

    ( and the last property i bought was in 1975 , so even the stamp-duty if i sold it would be more than the official purchase price )

    but obviously recent investors should be taking extreme care ( especially if they have current debt obligations ))

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    Goodbye to decade long ascending trend channel on ASX

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  9. 976
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    So where are we heading ?

    Just from the chart may be some support around the 4800 mark?

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  10. 3.0k
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    No support anywhere. All governments do, including the "Federal" Reserve, is throw billions of dollars in to their markets. This has a band aid effect for about a day then down their market go again. But they will still do it. I think Einstein said something like this: Doing the same thing over and over again and expecting a different result is insanity.

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  11. 82.0k
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    4,888.100 touched this afternoon , now it looks like the Plunge Protection team have moved in

    am thinking i should cancel my buy orders and wait for next Monday

    surry that is the XJO but have pulled all the buy orders

    if they want to play games ....

    let's party

    https://www.youtube.com/watch?v=WccfbPQNMbg

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  12. 545
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    Wait for October.....

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  13. 82.0k
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    October is a long way away ( for some )

    lots can happen in 6 months

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  14. 545
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    I'm hoping the bottom will be reached by then.....

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  15. 3.9k
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    I think kamaiina has an endless supply of money and only ever buys !!

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    will i be able to exploit the first green shoots

    ( bank accounts might be frozen by then )

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    "Europe’s stock markets tanked again on Wednesday amid fears that increasingly extravagant government support measures ($1.2 trillion from the U.S., $400 billion from the U.K., $220 billion from Spain announced in the space of the last 24 hours) still aren’t keeping pace with the spread of the Covid-19 virus."..........Investing.com

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  18. 82.0k
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    yep

    but it is all about saving the bond markets ( and a LOT of those corporate bonds are issued by the banks like our BIG 4 )

    how would the world banking system be trusted if it proved itself to be a huge pus-filled boil ( it already is , but the poor trusting plebs believe they are 'unquestionably strong ' )

    how are the banks going to steal the pleb's money if nobody will leave money with them

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  19. 3.0k
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    It probably goes something like this, "Oh, look" says the gullible sheeple people "our government has come to the support of our stock market with millions of .....(their currency) so I'm going to buy ASAP at these bargain prices."

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  20. 82.0k
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    the government would be happy if they did .. undoubtedly

    but the game is all about debt

    the plebs defaulting on mortgages , car loans , , education debt , credit cards or even unable to pay the rates or power bills , a wave of business bankruptcies ( on top of the own's we have had already , and then there is council and state debts ( and all the default swaps taken out on those loans )

    a wave of defaults in any sector will unravel our current debt shell game ( remember all those debt instruments are 'assets' on somebody else's balance sheet ( which they probably have borrowed against )

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  21. 1
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    I am new in investing. Where can find the latest data of ASX all ordinary index like performance and stock price. Found one source (https://finasko.com/asx-all-ords/) but the data is delayed

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