Tigers of Old said:Local market fell 7% today.
Wild times indeed for share investors.
Don't remind me :'(Tigers of Old said:Local market fell 7% today.
Wild times indeed for share investors.
is it though? Nobody really knows where this could all end. We are in uncharted waters.mb64 said:Great time to buy stocks if you've got money
mexican_radio said:is it though? Nobody really knows where this could all end. We are in uncharted waters.
mld said:Depends what you want to buy. It would be smart to buy Australian banks and stable exporters (as has been pointed out, miners such as Rio and BHP). Of course the market may slide further, but generally once the market recovers, it is too late for bargains.
barty boy said:late last night i was listening to the BBC and a report came out that China has let it be known that in 2009 it will cut back on iron ore orders.Apparently this was conveyed to not only Australia but a number of other producers.
barty boy said:I'll toss you for it Liverpool...lol
Spot onmld said:Depends what you want to buy. It would be smart to buy Australian banks and stable exporters (as has been pointed out, miners such as Rio and BHP). Of course the market may slide further, but generally once the market recovers, it is too late for bargains.
The market has always recovered & will again.mexican_radio said:I don't disagree with the "get 'em while they are cheap" thinking. I just suggest that the situation is so drastic it can't be compared to anything we have seen before. Lessons from the past may not apply because we are facing something completely new. The complete breakdown of the western world's financial systems may be taking place in our lifetimes.
I really hope your confidence will be a typical sentiment, that would make a huge difference.mb64 said:The market has always recovered & will again.
Up 6% this morning.Biggest rise in a single morning in about 30yrs.mb64 said:The market has always recovered & will again.
CptJonno2Madcow2005 said:Up 6% this morning.Biggest rise in a single morning in about 30yrs.