Australian sub prime mortgage market.

does it?? according to kerry packer, yes....sure does.

i'd rather hang around just to be on the safe side

 

and i thought we were getting somewhere

 

ya know...i can grown my hair back and i'll be back to my good looking self....but there's nothing you can do to stop being stupid!

 

OTR drive away, only way to compare apples with apples.

 

there is , but that would require joining KerryP

 

more to the point, is Veena happy with her new toy ?

(well obviously she would have taken one for a test drive)

 

thanks for elaborating and spelling out the obvious for our friendly little scud.

thankfully, everyone else here thought it was clear from the start.

*triple sigh*

 

*click*

 

oh stop it....no point getting my hopes up...only the good die young.

 

She could care less to be honest, ZERO interest in cars beyond function feeling the requirements.

 

mmm , didn't see anyone else enter the debate except for crusty old guys .

 

you're not being fair ... it's probably very different for the renters

 

and then there were 3 . thought you were over joining the bandwagon ?

 

To answer your original question, I predict another bad day tomorrow.

 

I agree, my prediction is as much as 700 points down on Wall st, and another 280 down here.
We will know in 24 hours.

 

bring it on.

in terms of what i have in shares, my on-paper wealth has taken a beating...but when we look to be steadying ill be buyin'

 

the aussie market has been punished far worse than the US one , for no good reason . hold on folks , we'll come good , reporting time out in 3 weeks .

 

rog many are tipping this will be a prolonged correction...which may take in the order of months to turn around

will reporting time in a few weeks make a huge difference?? clearly the tumble has been a 'follow on' phenomenon, and we know aussie stocks are being undervalued

to that end, will reporting "what we already know" have that much of an effect? or do we need the ROW to sort itself out before we move on up?

 

Because the Australian share market represents around 2% of the world markets, we tend to follow the US sharemarket lead, (as does the rest of the western world to a great extent). Even if our fundamentals are sound, the market sentiment and prices will follow the US.
Someone once told me: "the market takes the stairs up, and the escalator down". Today was a great example of that.
There will no doubt be a bounce in the next few days, but it will be interesting to see how sustained it will be ( my guess is until the next bit of bad news out of the US ).

There are traders making money by shorting the market, they have had a massive run in the past few weeks.


Michael

 

very easy for most to predict further doom and gloom , no one is prepared to say it's at the bottom now . i'll say it again , not that it makes it any better . stock prices v earnings , the 'PE' ratio , is too low on many stocks. when it looks like there is a bit of stability , the big players will buy in , that's when real money is made by those who have the cash to do it. everyone is waiting to get back in , because they all want to see the bottom . if everyone was a little bullish tomorrow , seeing prices at record lows , we would all tip in , which would lead others to do the same , so on , and so on , domino affect , up it goes. imagine the margin calls today , people haven't got the cash to tip in , so they sell the stock , which in turn drives the price down further , which in turn leads to more calls , more sell etc etc . reporting will help , but maybe not by much in the current climate . maq bank came out last time with profit up 50% , can't remember exactly , and the stock price got smashed because the CEO was sitting beside the guy on the train who had a mortgage in the states he couldn't afford anymore.

 

did you regurgitate this from newspaper article.................at least get the grammar correct when plagerising

 

no.................

grade 10 , remember . i wonder if getting ****ed up the arse is as bad as 400 points down in one day ?

 

lol...like you don't already know!

 

Don't know where you get your info Scud. Tonight's news reported market PE at a bit over 14 as against long term average of 13 something so I'd say there's still down to come even leaving out the sub-prime stuff.

Seems to me also that risk/benefit equation has now shifted dramatically when you can stick cash in the bank for 7.6% no risk...The mums and dads who've been talked into borrowing money to 'invest' in the stock market are going to be very squeezed coming up with their 9% interest payments to pay for something that's now worth 25% less than they paid and bugga all returns as well.

Oh and did I mention the sub-prime bubble doesn't peak till mid / late this year?

Anyone want to start a book on when the ASX will get back to 6000? My money is at least 2 years from now...