US Dow Futures Down Over 600 Points.

Discussion in 'Stocks & Derivatives' started by ozcopper, Feb 24, 2020.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Got gold? If not I feel bad for you son.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I love it when people make predictions like that and then it blows up in their face.

    Shame I probably won’t be around when it happens. Damn but I’d love to live forever.
     
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    For those that are not out of shares yet, you still can, plenty of time before it goes down more.

    1 week ago on paper I lost 10% of my wealth by being out of shares, today I am 10% richer

    Many advocate dont sell in a downturn, they are wrong.

    The market is posed to drop again until there is good news on Covid-19

    Don't be a sheep.

    The market will start to go up when we have a vaccine, until than all the news will be bad
     
    Last edited: Feb 28, 2020
  5. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    As mentioned earlier in the thread, now would be an astute time to adjust your super, if you’re heavily invested in shares. Although I’m rather young compared to most on the forum, I’ve switched to a more conservative strategy with less exposure to both Aussie and overseas shares.
     
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  6. SilverDJ

    SilverDJ Well-Known Member

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    There are the biggest loser market segments on the ASX today, very surprised by SLR's big drop. Sure it's been on a big rally recently, but it's debt free with $200M in cash and gold.
    upload_2020-2-28_12-2-10.png
     
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    "The US Dollar...the leper with the most fingers left"......one of the best comments I've heard in ages.
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    And these are the winners today:

    upload_2020-2-28_12-7-8.png
     
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    I have vivid memories of the Aug 2007 drop, followed by the rally to new highs a couple of months later.....then the 15 months odd decline from 6,800 odd to circa 3,300.

    Good things don't last forever...so is this another Aug 2007 mini dip before the big one, was the Dec 2018 dip the pre dip and now it's time for a submarine...???




    upload_2020-2-28_12-16-50.png
     
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  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    There has been multiple 50% crashes of stocks in the last 30 years, one was about 10 years ago
     
  11. slavaja

    slavaja Well-Known Member Silver Stacker

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    Just changed my super to 100% cash
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Do you believe our current market is free?
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Chinese GDP growth last month is minus 20% but the Shanghai stock index is down 0.2% from a year ago. Meanwhile, half of China business are closed and three quarters of workers are sitting at home surfing internet and the price of food has gone up 10% in just 1 month. Gold hasn’t gone up 10% in the last 1 month.

    https://www.bloomberg.com/quote/SHCOMP:IND

    Not advocating buying stocks on the dip, too risky. I have about 5% in stocks, most of the them have fallen about 20% so a 1% hit on my portfolio.
     
    Last edited: Feb 28, 2020
  14. openeyes

    openeyes Well-Known Member Silver Stacker

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    I did the same on Monday
     
  15. slavaja

    slavaja Well-Known Member Silver Stacker

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    I should have done it on monday
     
  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Of course not
     
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  17. Lucenzo

    Lucenzo Member Silver Stacker

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    Haha. I would too. I don’t actually have any skin in the stock market game.
     
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  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Just a bit of fun, i wonder if it will touch the 25,000~ line. Then bounce or crash? :cool:


    dow jones.jpg
     
  19. heartastack

    heartastack Well-Known Member Silver Stacker

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    Doesn’t seem like a blow off top to me yet in those charts posted. Watch for major trade or industry shut downs before talking crash. Plus with some much stupid money in crypto there is some buffer in that space that won’t impact much of the stock market. That’s a good thing
     
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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "Plus with some[SIC] much stupid money in crypto"
    I like that clarity of thought, you must be an oldie like me & can see through the [email protected]$#!T SCAM.
     

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