Where from here

  1. 68.7k
    Posts

    good luck

    after the wave of div. cancellations lately

    i won't be rushing to buy anything ( well maybe some BBUS )

  2. 3.0k
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    Loooooong wait for the market to have sustained gains imo

    1 like
  3. 68.7k
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    good luck on that

    divs disappearing and guidances being abandoned , and the virus hasn't really bitten Australia yet ( despite the frequent invitations from our inglorious leaders ) am not sure the gains will out weigh the losses ( especially this month )

    1 like
  4. 3.2k
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    Are these stimulus packages eating up capital before it exists, leading to a recession or depression, meaning borrowing by companies/businesses extremely difficult in order to develop/perform, even if the corona-virus has been brought under control in the next 6 months.
    Or is it a likelihood the virus will be under control in 6 months with remedies/cures in place and any company capable of activating/producing at the end of 2020 as a good buy now, particularly if it is a speculative stock about to come into production.

    Will the market be a slow crawl back through a recession or will it be a bounce recovery without to much damage done ?

    1 like
  5. 3.0k
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    Might make the depression look somewhat bearable compared to what I fear might be yet to come.

    2 likes
  6. 68.7k
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    i wasn't alive in the last global depression , but the stories i have heard from those that were , suggested it was not a carefree time ( rations for bread , butter , meat and much just not available through legal sources )

    will the next one ( depression ) be worse , it will certainly feel like it .

    imagine a world with rationed fuel , and trying to find coal along railway lines for winter heating , i imagine mobile phones will work perfectly so they can keep track of everyone )

    3 likes
  7. 4.5k
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    Stuart Robert MP

    @stuartrobertmp

    We have facilitated 3.2 million logins to myGov over the past 20 hours.

    This is just extraordinary demand.

    We will continue to run this service 24/7 and progressively increase its capacity as we have over recent days & months

    5300 cap on the market for me.

    1 like
  8. 68.7k
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    AWESOME , now the rest of the newly unemployed can try to join , still might not calm down until after the weekend

  9. 5.7k
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    Huge numbers.

    Thinking a fair percentage looking through there would be affected business owners or general public looking to access the 10k super or maybe looking to switch supers from growth/balanced to cash/interest.

    Jobseeker allowance application numbers for March will be interesting?

    1 like
  10. 685
    Posts

    US jobless claims today

    1 like
  11. 5.7k
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    Weekly jobless claims surge to a record 3.2 million.

    Published: March 26, 2020 at 8:43 a.m. ET

    U.S. stock-index futures briefly pared losses Thursday morning, but were still holding sharply lower, after a report on weekly jobless claims came in at a record level, reflecting the temporary closures of businesses across the nation due to the coronavirus outbreak. The number of Americans who applied for unemployment benefits last week rocketed to a record 3.28 million, according to the most recent report, from 282,000 claims in the prior week period.

    https://www.marketwatch.com/story/dow-futures-trade-lower-but-pare-loss-after-weekly-historic-jobless-claims-surge-to-32-million-from-about-282k-a-week-ago-2020-03-26?mod=mw_quote_news

    Now that's a bloody huge one week percentage increase. Imagine the numbers in a months time.

    Great depression mark 11.

    2 likes
  12. 4.5k
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    5300 cap at 20% rally off max panic low 4400 , good for a 300 Friday sell off.
    Next few weeks will be a tell on the strength of the Global /Bear

    1 like
  13. 3.0k
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    Hold cash tight imo......."timing the market" Will be more productive than "time in the market".....

    1 like
  14. 4.5k
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    300 to 400 daily ranges great for the short term swing traders .
    Sell the rips buy the dips.

    1 like
  15. 7.6k
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    Just remember bear markets are when you make good money. 50% drops = 100% gains on the eventual recovery.

    3 likes
  16. 7.6k
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    Magic number when swing trading is 50% of previous move. Just saying. Fibonacci.

    2 likes
  17. 4.5k
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    Swing high ,swing low Sweet Chariot.

    1 like
  18. 68.7k
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    any views on the big spike on the close ( or after market )

    normally you would expect that tomorrow ( end of the month , if fund managers at work )

    been an interesting month so far ( maybe even legendary in a decade's time )

  19. 3.2k
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    Big rise in the markets with US. 2 trillion and Aus. $130 billion stimulus packages. Once that enthusiasm has warn off seems logical the market will drop again, after a rethink, and the probable aid of some bad news.

    3 likes
  20. 7.6k
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    Anyone selling this move up? Might be an idea.

    2 likes
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