1. 69.3k
    Posts

    put a couple of small buy orders in this morning

    not looking like i will get any nibbles

    maybe tomorrow

    1 like
  2. 4.7k
    Posts

    No follow thru above 5400 at this juncture.

    1 like
  3. 4.7k
    Posts

    Full Scorpio Moon tonite.
    NFP in USA Friday nite,

    1 like
  4. 4.7k
    Posts

    Initial mkt reaction is up on record jobless number.

    Positive reaction to bad news, bullish.

    1 like
  5. 3.3k
    Posts

    No correlation between the share market and economical situation.
    It appears the isolation of those still with money has driven them to risky investing and increasing the value of the market.
    Setting the pattern for a big fall when those funds dry up you'd think.

    2 likes
  6. 387
    Posts

    Yes, no dividends and cap raises worldwide - that will kill enthusiasm.....and share prices. Wait six months. It'll be the norm....

    1 like
  7. 3.1k
    Posts

    illio18 Mar

    Good luck to you and as tempting as it may seem i believe we are still in "catching a falling knife " territory.
    Shocks will be felt even after cure/vaccine found......initial bounce will be tremendous but not sustained imo

    1 like
  8. 4.7k
    Posts

    Tuesday 12th May 2020 Budget release day has been delayed until 6th October.

    1 like
  9. 4.7k
    Posts

    Out of longs here as XJO falters into 5500.
    Sell in May and go away?

    1 like
  10. 3.1k
    Posts
  11. 4.7k
    Posts

    Monday 5500 high,Tuesday down 5300, Wednesday up 5420, Thursday down 5250, Friday up 54000.
    Swing traders paradise,sell one day buy the next, repeat.

    2 likes
  12. 4.7k
    Posts

    Business NewsMay 16, 2020 / 6:05 AM
    Fed warns of 'significant' financial vulnerabilities from pandemic.
    “The COVID-19 outbreak poses severe risks to businesses of all sizes and millions of households,” the central bank said as it ran down a list of trouble spots that could arise depending on how long the virus persists and keeps the economy on its heels.
    Fed Governor Lael Brainard said

    " a key worry at the central bank is that what might start as a cash crunch could spiral into something worse. Among highly indebted businesses, she said, “we will be monitoring closely for solvency stresses...which could increase the longer the Covid pandemic persists.”
    Few if any parts of the economy are safe. The Fed noted for example that both commercial office buildings and farmland held high valuations relative to the income produced, possibly setting the stage for a drop in price. That could mean stress for property owners who have borrowed against their property, or for the financial institutions that hold the loans.
    “Financial sector vulnerabilities are likely to be significant, in the near term,” the Fed said. “The strains on household and business balance sheets from the economic and financial shocks since March will likely create fragilities that last for some time.”
    https://www.reuters.com/article/us-usa-fed-stability/fed-warns-of-significant-financial-vulnerabilities-from-pandemic-idUSKBN22R34Y?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

    Buffett's Berkshire Hathaway trims exposure to banks,
    Warren Buffett's Berkshire Hathaway Inc. BRK.A, -1.06% BRK.B, -0.98% has trimmed its exposure to banks, including Goldman Sachs Group Inc. GS, -1.47% and U.S. Bancorp USB, -1.57%, and sold out of insurer Travelers Cos. Inc. TRV, +0.10% and refiner Phillips 66 PSX, +0.11% according to a late Friday filing. Buffett said earlier this month he had sold off his large stakes in four U.S. air carriers for a lot less than he paid for them

    2 likes
  13. 69.3k
    Posts

    i bet there will be plenty phoning the ' bank of Buffet ' soon enough

    $US 130 Billion should get him some sweet deals

    Buffet has the option of buying SECURED and senior debt , he will get some jaw-dropping offers

    1 like
  14. 4.7k
    Posts

    Friday 15/05 XJO reclaimed the 20,and 50dsma''s. with a 5404 close. Monday closed 5460.
    USA launched into orbit last nite.
    XJO bullmkt onward and up?

    1 like
  15. 3.3k
    Posts

    Difficult to judge anything until restrictions allowing businesses/companies to reopen and people back to work.
    The stimulus measures and stock market rise appear a bit false to me.
    " Build your house upon the rock and not upon the sand "

    2 likes
  16. 4.7k
    Posts

    5600 ish April high, the line in the sand for the bulls to crack or bears to defend.IMO

    2 likes
  17. 3.1k
    Posts

    Imo world markets are akin to a high speed crash seen in slow motion, govt/fed spending, while it appears controlled at point of impact the inertia behind it is yet to be seen, public/private debt default.........

    3 likes
  18. 4.7k
    Posts

    China is considering targeting more Australian exports including wine and dairy, according to people familiar with the matter, in what would be a dramatic deterioration in ties as the key trading partners spar over the coronavirus outbreak.

    Chinese officials have drawn up a list of potential goods also including seafood, oatmeal and fruit that could be subject to stricter quality checks, anti-dumping probes, tariffs or customs delays, the people said, asking not to be identified as the discussions are private. State media could also encourage consumer boycotts, they said, adding a final decision on the measures had not been made.
    https://www.bloomberg.com/news/articles/2020-05-19/china-mulls-targeting-australian-wine-dairy-on-coronavirus-spat?srnd=prognosis
    The sooner Australia stops feeding the CCP the better,plenty of other countries in the world to feed without blackmail.

    3 likes
  19. 4.7k
    Posts

    XJ0 finding some sellers,and profit takers around the 5610. level

    2 likes
  20. 4.7k
    Posts

    House prices are tipped to fall by 11 per cent over the next three years as the COVID-related economic downturn bites, and for one group of Australian homeowners, it could not come at a worse time.
    Key points:

    Many small-scale investors use interest-only loans to buy property
    These loans convert to principal and interest after a set time
    This increases financial pressure for those hit by the COVID downturn

    There are an estimated 730,000 investors, many of whom are self-funded retirees or people planning for retirement, who have taken out interest-only bank loans in the belief property was a safe bet.

    Coronavirus has already delivered challenges, including rent arrears and the prospect of losing their tenants altogether.

    But now these private landlords are facing big hikes in their monthly bank repayments as they switch from interest-only to paying off the principal of their loans as well.
    https://www.abc.net.au/news/2020-05-19/coronavirus-combines-with-end-to-interest-only-home-loans/12252828

    2 likes
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