Australian sub prime mortgage market.

i will have to look into it...but MBL @ $62 ish is oh so enticing...

 

That depends on how consumers (and businesses) react in the US over the next month or so.

In the meanwhile...PUMP AND SAVE !

 

i know nuffink

 

don't buy just cause it's fallen $37

BHP might be better

 

wonder where beama got the idea from ? !

 

It was from Mark's car not yours

 

rationale?

 

Resources boom.

I personally would not buy Macquarie at this point... but don't listen to me; I'm no expert! Just a feeling.

 

yeah makes sense...i was meaning more 'why BHP specifically'

any other resource-related companies worthy of investigation?

 

The Pink Palace....from what I read. That's where you can pump and save for more investments.

 

... which you can then pump and dump!

 

i like it...right up my ..err her...alley

 

Put it this way............ I don't think there is going to be a very quick turnaround, so no need to jump in quickly because you are afraid of missing gains. I am going to sit back and watch for a bit before buying anything else for the long term. Reporting season is upon us, so good news can't go astray.

 

thanks for that perspective scott...this newbie needs as many thought-provoking opinions as he can get!

 

errrrrrrrrrr....scott's old360?

 

In a word, the market is ******... Hopefully today is the worst of it. Cant believe the all ords was down over 5% just after 2pm. Goes to show how extremely volatile the market is at the moment. I would suggest looking at stocks such as transurban, bhp, mbl, nab, bkn, and perhaps something like allco for the longer term strategy, but as before this is not advice and should not be acted upon before considering your personal financial situation in relation to the companies. Plenty of short term money to be made but you have to have balls as big as, well, ill leave it to your imagination. Eg Rams today as low as 55 cents, buy in there and sell out at 90.... Good in theory but having the timing is the key... You would be pretty upset having paid $2.50 for them at ussue a few weeks back..


One last thing that really annoys me is those damn yanks, besides a few specific stocks in our market with direct exposure to the US sub prime market such as rams, there is no reason for our market to simply follow the us market like lambs to slaughter. given that the asx was due for a small correction due to the great bull run it has had lately, i dont think it should have gone as far as it has today, (down 15% from its top at one stage), only because the yank economy and market is rooted. Stocks like Bhp, Rio etc have absolutely no exposure to this problem whatsoever!

Damn Yanks...

 

correct , OS hedge funds sold off aussie stock to take a profit to compensate the huge losses they are feeling now from trailer park trash .

 

Australia still isn't a big enough global player (for whatever reason - we like to play with the big boys, but prefer to get told what to do) to stand on its own 2 feet...our market will still correct itself to fall inline with movements of the big markets.

Not saying its right, but as you said, ultimately we are just a bunch of conservative sheep.

There's nothing like seeing the US market take a big loss on a Friday close and then us having to wait all weekend to watch the fun on the Monday morning!

It will be OK in the long run...we have a lot of great companies here with great ongoing potential and we need to look at those fundamentals rather than the knee-jerk, impulsive scare tactics that are occuring (all to frequently) at the moment.

 

*cough* post 84

 

Ahh well there you go!

But it's true....it's such a basic concept, yet so many people are impulsive, reactive and emotional.

 

exchange rate is 0.804 : 1

i feel sorry for importers signed a L/C when the exchange rate was 0.886 and banking on the aussie dollar to go above 0.9 like so many "professionals" had been predicting.