Yes, Friday. They’re pointing at a down of 11,628
The risky play would be to jump in around 500, with an expectation that Bernanke does something emergency related in the AM which will bounce the markets back up to at least break-even. I don’t think I’d do it, but if it plays out, one would win pretty big.
Tommorow shall be intresting…Go big or Go home???Double Down!!!
I wonder how many people prospered from shorting everything. I probably would have had I actually had a margin account. Ah, maybe next tank job.
I looking in to shorting the index when some of the AF guys where talking about it a few months back, alas there was no options in Australia to short our index, no good, considered shorting individual stocks but decided against it.
Bernanke could do something, but the market is already pricing in a 50 point cut and then some, so he’d have to cut by 75 or even 100 to have much of an impact. If he cuts tonight or tommorow morning, the market will smell panic and probably get worse.
^ Good point…
The iShare Australia???
Yeah thats the ETF, but I couldnt find anyone who would short it here, of group who sort sell their accepted shares are rather limited. I could be wrong though but to my knowledge I couldn’t do it
what is the valuation of australian stocks like? Compared to bonds, history, etc?
Korea is down 4% now
CFA_Halifax Wrote: ------------------------------------------------------- > Bernanke could do something, but the market is > already pricing in a 50 point cut and then some, > so he’d have to cut by 75 or even 100 to have much > of an impact. If he cuts tonight or tommorow > morning, the market will smell panic and probably > get worse. That’s exactly why Bernanke’s hands are tied. A 50 basis pts cut is priced and expected, more than that would signify the economy is in bigger $hit than we expected (not to mention the worries of stagflation reappearing).
Any thoughts on the 2 year US t-note getting pushed down tomorrow/this week?
bernanke, greenspan and adam smith can’t do shyt. this is the market. cutting rates any further will only create inflation which in turn could make this mess possibly worst. some of you guys are behaving as if you’ve never studied business cycles. you just have to accept the bruises after a night of fighting. it comes with the game. now, i heard some things are on sale. the question is, what can Taylor do this time around against Pavlik?
long term average P/E is said to be around 15, we are around 14 now, so we are close to our average. Of our big companies P/E BHP:11.33, RIO:17.94 (though takeover talks have played with this, RIO down 8% today), the banks ANZ: 12.39, NAB:12.63 CBA: 13.92. Though these are based on yesterdays close prices. Int rates are high right now, currently 6.75 with another rise likely, 1year bill yield 6.41
We are down 4.8% now, very ugly
BosyBillups Wrote: ------------------------------------------------------- > Any thoughts on the 2 year US t-note getting > pushed down tomorrow/this week? I assume you mean down in terms of yield, not price. Sure why not, the Fed is going to have the printing presses running so hard the next few months, they’ll likely need a night shift staffed by illegal immigrants.
Rob, I’m watching this in Bloomberg. Bad stuff. At least your central bank has plenty of capacity to cut unlike the fed right. I know inflation is bad down there though. I think Aussie is getting hit extra hard though due to the lack of a BHP bid for Rio
Yes, the 2 year is up (yield down) .35% already today. I wonder if people will keep shifting their money into these notes to wait for the smoke to clear.
It is really bad, we have had a few stocks take it really bad (re: CNP, MFS & AFG) basically to do with debt issues, heavily geared companies have copped it. Its our 12th down day in a row. The problem is we still have inflation worries, and big tax cuts coming (we just had an election) and high interest There was alot of speculation that BHP would bid yesterday for between $140-$150 for RIO but they didn’t