RBA Injects $8.8 Billion to float ASX

Discussion in 'Markets & Economies' started by 66rounds, Mar 13, 2020.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Did not know this was happening here. Guess it was only a matter of time, coupled with ScoMo's hand outs. We are definitely at or above 2008 levels here. There is no market panic, only sensible response to current events.
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Very pertinent comment off the youtube video:


    drew sale49 minutes ago
    It's strange how the government put $18 bil into the real economy a few days ago and the market dropped like a rock. Then the RBA put $8 bil into the repo market and the ASX jumped 5% in half a day. Anyone would think the banks run the show lol.
     
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  5. Krakked789

    Krakked789 Well-Known Member

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    Yesterday I saw the chorus of doom and gloom and wondered whether the markets might punk the short sellers and go through the roof.

    Still a lot to play out here, but I wonder if there's a scenario in which we see the Dow go to all time highs this year.

    We're living in Backwardsland.
     
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  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Yeah, $7.99999B to banks, the rest to small businesses like BHP, RIO, WOW... you know the rest
     
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