Join our investing community

US strife a chance to buy

Discussion in 'Shares' started by OLI, 20th Jan, 2008.

  1. OLI

    OLI Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    96
    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
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Now just over 20%....(as at 6pm 21st January 2008)
     
  3. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    10% more to go then!
     
  4. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    But didn't we have a better run than the US this time around?
    in which case we should have a greater fall?
     
  5. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    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! :(
     
  6. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    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