All Major Stocks Down

Discussion in 'Stocks & Derivatives' started by Golden ChipMunk, Jun 24, 2016.

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  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    ASX200 , down 3%

    Banking sectors down
     
    Golden ChipMunk, Jun 24, 2016
    #1
  2. Monsta

    Monsta Member

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    Gold & Silver miners?

    Edit: Ag back under AUD$24 as I type this, Gold giving back some of the gains as the AUD bounces a little. I fully expect a 50% retracement as the UK works out the "What's next?" questions overnight.
     
    Monsta, Jun 24, 2016
    #2
  3. errol43

    errol43 New Member Silver Stacker

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    Gold up! Silver up!

    Wait till the Eu and British market opens...10% fall? All Ords to drop below 5000 next week?

    Regards Errol 43
     
    errol43, Jun 24, 2016
    #3
  4. southerncross

    southerncross Well-Known Member Silver Stacker

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    Germany will get smashed next.
     
    southerncross, Jun 24, 2016
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  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    You may see both the BoE and ECB step in prior to the markets opening to inject liquidity in attempt to curb the fall. Maybe something from Cameron as well to sooth the markets.
     
    Caput Lupinum, Jun 24, 2016
    #5
  6. Old Codger

    Old Codger Active Member Silver Stacker

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    CBA at $81.80 is looking better and better.

    and that was near 2 years ago.

    OC
     
    Old Codger, Jun 24, 2016
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  7. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Wanting CBA to break down below $70. Could happen next week depending how things play out
     
    Caput Lupinum, Jun 24, 2016
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  8. Old Codger

    Old Codger Active Member Silver Stacker

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    Would not buy CBA at $70, probably not at $60 either!

    In fact not at any price until well after SHTF Day arrives.

    OC
     
    Old Codger, Jun 24, 2016
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  9. Old Codger

    Old Codger Active Member Silver Stacker

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    ....maybe at $10.00
     
    Old Codger, Jun 24, 2016
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  10. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I don't intend on buying it. I intend on short-selling it, or Westpac and ANZ to be specific, but CBA tends to lead the other banks most of the time and $70 is a major support level
     
    Caput Lupinum, Jun 24, 2016
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  11. Old Codger

    Old Codger Active Member Silver Stacker

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    Actually, I would not touch the share or Bond markets with a 40' barge pole.

    There is a 90% drop in my crystal ball, and i want none of it.

    Get back to me 6 months after that.

    OC
     
    Old Codger, Jun 24, 2016
    #11
  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Good! given the over-exposure the ASX has to the financial sector, that would make my trades all the more profitable
     
    Caput Lupinum, Jun 24, 2016
    #12
  13. Peter

    Peter Well-Known Member

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    FTSE 100 (^FTSE) -FTSE
    5,884.60 Down 453.50(7.16%) 17:
     
    Peter, Jun 24, 2016
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  14. alor

    alor Well-Known Member Silver Stacker

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    there is CFD to short the index
     
    alor, Jun 24, 2016
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  15. Peter

    Peter Well-Known Member

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    Spain down 12.5%
     
    Peter, Jun 24, 2016
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  16. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Just a quick snapshot across the board.

    UK stock market is down only 3.6% but meanwhile :-

    Germans down 6.6%
    French down 8%
    Spain down 12%
    Italy down 11%

    It's almost like this Brexit is a worse thing for the Europeans than it is for UK (feign shock!) :rolleyes:

    The market knows best. My biggest surprise today was the pound getting hit so hard. I reckon in the long run the pound will be better off....
     
    BuggedOut, Jun 24, 2016
    #16
  17. southerncross

    southerncross Well-Known Member Silver Stacker

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    Pound V Euro ? Which would you rather have?
     
    southerncross, Jun 24, 2016
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  18. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    The British pound over the long-term
     
    Caput Lupinum, Jun 24, 2016
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  19. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Market expected to drop further as market open
     
    Golden ChipMunk, Jun 26, 2016
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  20. alor

    alor Well-Known Member Silver Stacker

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    -1,286.33 Nikkei was down -7.92%
    -609.21 Hang Seng -2.92%
    -610.32 Dow -3.39%

    [​IMG]
     
    alor, Jun 26, 2016
    #20
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