Warning: Stock Market Likely to Crash From Here, 50% Drop!

Discussion in 'Markets & Economies' started by southerncross, Mar 1, 2013.

  1. southerncross

    southerncross Well-Known Member Silver Stacker

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    All in your mind
    And then after the dollar a flight to hard assets such as gold :)


    http://www.marketoracle.co.uk/Article39249.html
     
    southerncross, Mar 1, 2013
    #1
  2. SilverSanchez

    SilverSanchez Active Member

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    So you're saying now is the time to buy equities....

    I suspect he is wrong - and equities will exceed their all time highs.... - just my two cents - I dont see any real reason yet for equities to cascade downwards.... I do see a reason for coming out of cash and into equities... but not back into cash. (Just my opinion and two cents worth)
     
    SilverSanchez, Mar 1, 2013
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  3. Old Codger

    Old Codger Active Member Silver Stacker

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    Please Lord, let it be in July!



    OC
     
    Old Codger, Mar 1, 2013
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  4. finicky

    finicky Well-Known Member Silver Stacker

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    Don't like paying your taxes either eh Old Codger - a disgrace
     
    finicky, Mar 1, 2013
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  5. finicky

    finicky Well-Known Member Silver Stacker

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    I've been contemplating a correction in the ASX just today. Even in bull markets it tends to correct down near the 40 week moving average after it get to levels like this. We've recently got 100 points over an important resistance level of 5000 on the ASX200. Not selling anything myself yet - want to collect dividends at the least. Also, if a 10-15% decline, I could live with that. Haven't looked at the arguments linked for a full scale crash yet.

    http://www.marketwatch.com/investin...40&lf=32&lf2=4&lf3=2&type=2&size=3&style=1013
     
    finicky, Mar 1, 2013
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  6. nonrecourse

    nonrecourse Well-Known Member

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    My prediction is the crash won't happen yet. There is a currency war going on that has some way to run yet. My take on the local economy is that once the fiscally still born are rejected by the electorate in September we are going to see a three year business boom in Australia similar to the one that occurred during Howards first term 1996-1999 due to pent up demand from 5 years of very poor governance.

    With that business boom the share market will over inflate. The crash will come more because of the overseas folly that is playing out with the currency wars and the race to the bottom rather than the share bubble. I am frantically stacking and filling my equity moats because the next crash is going to be a doosie.

    Kind Regards
    non recourse
     
    nonrecourse, Mar 1, 2013
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  7. southerncross

    southerncross Well-Known Member Silver Stacker

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    Could be Black Swan any old time.
     
    southerncross, Mar 1, 2013
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  8. Old Codger

    Old Codger Active Member Silver Stacker

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    "Don't like paying your taxes either eh Old Codger - a disgrace"

    No, but like my good departed friend said, "any man that pays more tax then he is required, is a fool".

    CGT is a KILLER, especially when you buy CBA ("the peoples bank") shares off komrade paui at $5.40 each, and see them at $67 is due for a kick in the wallet.

    I like to reduce the pain as much as possible.



    OC
     
    Old Codger, Mar 1, 2013
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  9. finicky

    finicky Well-Known Member Silver Stacker

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    Kerry Packer?

    Good one
     
    finicky, Mar 1, 2013
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  10. Old Codger

    Old Codger Active Member Silver Stacker

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    Yes, but just an example of my poor humour,

    I admired the bloke, but never knew him.


    OC
     
    Old Codger, Mar 1, 2013
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  11. Old Codger

    Old Codger Active Member Silver Stacker

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    PS,

    Most of my Westpac shares i purchased at about $3.

    They hit $31 today.
     
    Old Codger, Mar 1, 2013
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  12. finicky

    finicky Well-Known Member Silver Stacker

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    Now you're starting to brag Old Codger, but since I know you served time in a bank, you've paid your dues!

    p.s on Westpac my old man could have matched you.
     
    finicky, Mar 1, 2013
    #12
  13. boston

    boston Well-Known Member Silver Stacker

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    Corrected it for you.
     
    boston, Mar 1, 2013
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