US strife a chance to buy

Discussion in 'Sharemarket News & Market Analysis' started by OLI__, 20th Jan, 2008.

Join Australia's most dynamic and respected property investment community
  1. OLI__

    OLI__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    93
    Attached is an interesting article from today's Sunday Telegraph.

    ...it's likely that the US will slip into recession which, if history is any guide, will mean further stock market falls of at least another 15 percent. Historically, when the US has a recession, the (Australian) stockmarket falls by an average of 30 percent. So far it is down 15 per cent from its peak.

    I just hope I don't get a margin call before the 'invetable rebound'. :)
     

    Attached Files:

    Last edited by a moderator: 20th Jan, 2008
    OLI__, 20th Jan, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,075
    Location:
    Sydney, NSW
    Now just over 20%....(as at 6pm 21st January 2008)
     
    AsxBroker, 21st Jan, 2008
    #2
  3. crc_error

    crc_error The Rule of 72

    Joined:
    1st Jul, 2015
    Posts:
    1,267
    Location:
    Melbourne, VIC
    10% more to go then!
     
    crc_error, 21st Jan, 2008
    #3
  4. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    But didn't we have a better run than the US this time around?
    in which case we should have a greater fall?
     
    BillV, 21st Jan, 2008
    #4
  5. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    299
    Location:
    Inglewood, WA
    Whack off another 5% this morning... with the traders in the US having a day off to think about things, we could get that last 5% tomorrow! :(
     
    Rod_WA, 22nd Jan, 2008
    #5
  6. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,075
    Location:
    Sydney, NSW
    Wow

    We ended 7.2% down today.

    The media is saying its the biggest dive since 29 October 1987 (7.5%).

    The LSE was up a little (2%) though they are still open so it could close down, only time will tell and we don't know where the US market will head...

    Cheers,

    Dan
     
    AsxBroker, 22nd Jan, 2008
    #6