Australian sub prime mortgage market.

closed friday 76.98....fingers crossed!!

 

no need to cross fingers , just get on .

 

In the meanwhile, just pump and save.

 

yea baby....

http://www.asx.com.au/asx/markets/PriceResults.jsp?method=get&template=F1001&ASXCodes=rio

 

fu*k me. I heard on the radio this morning about takeover attempt. Got a call from a freind when we got out of an exam who got to a computer first. 20% in half an hour or something?


Scuddy sounds happy ...

 

But the immediate results of a definite "no". Over valued if it falls through? how long will it last?

 

of course they said no , more offers to come , share price shouldn't fall going forward , stay tuned.

 

**** yea

 

Sounds like the milky bars are on you next time.

 

anything under 10% is still cheap money , go little johnny !

 

It will fall through as the local regulators won't let it go through let alone the EEC.

Still, this is probably something like the true value as Rio's been pretty cheap for a while now.

 

now even i am getting a little dizzy.

http://www.asx.com.au/asx/markets/PriceResults.jsp?method=get&template=F1001&ASXCodes=rio

 

It sure is crazy out there!

 

Fall out still being felt over here, and getting worse. Only two Lenders in the 'non conforming' game, one virtually stopped lending and the other started to look at ways of NOT do a deal. Apart from that yesterdays Auckalnd fun run was great, 308, 328, mondial, 355, 360, 430, 330 and an ultra rare 365 GTC/4 (I think!), goes with the the owners Enzo and Daytona!

 

Time to ressurect this thread - after 11 ( or is it 12) down days in the market.
ASX today down 6.25% as I write this, close to 10% down in 2 days this week - anyone care to speculate on what will happen to-morrow ?
A friend mentioned over lunch that his super is down 500k since the November high's , and he will now need to put off his retirement a few more years.

Michael

 

A common theme. Apparently most self managed funds have the vast majority of funds in the stockmarket. A lot of people on the verge of retirement will be devastated at the moment.

 

^^ big numbers there

i am, relatively speaking, dealing with toy money amounts so it looks crap on paper but hardly devastating. no loss till you sell anyway.

its surely getting towards a good time to buy. Mac Bank at ~$58 and BHP ~$31.50

How much further can it tumble before we at least get a bit of steadiness!?

 

speculate about tomorrow................246's will crash

 

try when it hits zero

 

Ive got $35k set aside for a 246...approx date of affordability?

 

all ords 408 and still going

 

As will spending on all other high end / non essential goods .....

 

I for one welcome our new Bear Overlords!


Some great Stock/Share buying opportunities to arise pretty soon
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meanwhile credit card debt goes up