Discussion in 'Stocks & Derivatives' started by ozcopper, Feb 24, 2020.
Got gold? If not I feel bad for you son.
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.
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
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.
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 $200M in cash and gold.
"The US Dollar...the leper with the most fingers left"......one of the best comments I've heard in ages.
And these are the winners today:
I have vivid memories of the Aug 2007 drop, followed by the rally to new highs a couple of months later.....then the 15 months odd decline from 6,800 odd to circa 3,300.
Good things don't last forever...so is this another Aug 2007 mini dip before the big one, was the Dec 2018 dip the pre dip and now it's time for a submarine...???
There has been multiple 50% crashes of stocks in the last 30 years, one was about 10 years ago
Just changed my super to 100% cash
Do you believe our current market is free?
Chinese GDP growth last month is minus 20% but the Shanghai stock index is down 0.2% from a year ago. Meanwhile, half of China business are closed and three quarters of workers are sitting at home surfing internet and the price of food has gone up 10% in just 1 month. Gold hasn’t gone up 10% in the last 1 month.
Not advocating buying stocks on the dip, too risky. I have about 5% in stocks, most of the them have fallen about 20% so a 1% hit on my portfolio.
I did the same on Monday
I should have done it on monday
Of course not
Haha. I would too. I don’t actually have any skin in the stock market game.
Just a bit of fun, i wonder if it will touch the 25,000~ line. Then bounce or crash?
Doesn’t seem like a blow off top to me yet in those charts posted. Watch for major trade or industry shut downs before talking crash. Plus with some much stupid money in crypto there is some buffer in that space that won’t impact much of the stock market. That’s a good thing
"Plus with some[SIC] much stupid money in crypto"
I like that clarity of thought, you must be an oldie like me & can see through the [email protected]$#!T SCAM.
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