Australian sub prime mortgage market.

that you are an idiot who said one thing, and did another.

are we allowed to use karma train now?

can someone pleae tell me when the rules change?

 

Sigh........
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i see the market's lost another 2% today so far.
must be almost down to 50% of peak by now. blooy ouch.

MQG is up to a whopping $30 though.

 

Yup, 50% is about right. Great buying for blue chips if you have a mid to longer term outlook I reckon. In my case that's 10 year+ horizon. No expert; but I reckon the market isn't going anywhere short term and volatility will continue, so no need to rush.

 

Methinks today will show more volatility but in an upward trend with people buying in after yesterday’s fall. As you say SD, gunna be seeing lots of volatility for some time to come.

However, unless a doomsday scenario eventuates, bearing in mind the low interest rates on cash, Beama says “cash WAS king” and now time to start wading back in for longer-term bargains. If we don’t see at least 30% share increase value in the next 5 years, we’ll be doing a PP and riding scooters with our exotics either mothballed or fire sold.

Beama says BUY! Oh, before I forget : CAVEAT EMPTOR

 

been talking to scud for advice?

 

Silly question. I believe in the motto "in god we trust, all others stricktly cash" I generally go on gut feel or on another part of the anatomy a bit lower .

 

you're a very naughty man.

 

It takes one to know one. Now I HAVE to go. Some of us have important things to do.....like recce for the gig at the end of the month.

 

And is there any portent in the fact that Oz Minerals have closed their "Scuddles" mine?

 

Oz Minerals. Now there's a bad call

 

did you make a mistake?

 

you throwing white powder around?

 

I make mistakes and some of 'em are doozies; but that's how you learn. In this case it was a broker recommendation that left me holding the can. They should come out the other side; but it's pretty ugly ATM.

 

Yes, it's my job.

 

I didn't vote for the merger. Had Zinifex.

As 360C says, you live and learn.

 

some don't realise this nor forget it

 

*waves*

 

No, was just amused by the name, that's all.

 

Shezam!! An early bloodbath this morning. Methinks good time to buy........ oh, before I forget: CAVEAT EMPTOR!!!

 

So I saw.

 

Geez, seeing this too often. I should have listened to my own advice of Caveat Emptor. She's not easy picking the bottom. I might have to invest in a scoota

 

At least you are having a go mate!

I wouldnt know where to start thank ****!

 

**** = mate, good, boat??????

 

Yeah, just when you thought it couldn't go any lower it does!