300
22nd January 2008, 08:07 AM
OK folks, sorry for the lack of input here. Between switching laptops almost on a daily basis and finishing off some exams, it has be a little hectic - so enough whining like a little...... anyway, I will take off my blouse and get into it.
Whilst I have been soft, the markets have been woeful. This is what is classed as a bear market. The US has fallen with investors leaving stocks and placing their interests in more stable items like Gold, Oil or Treasury Bonds as a lower return but generally safer option. Over night the Dow Jones was closed for a public holiday in the US (Martin Luther King day). As a flow on effect of the US markets on Friday, all the world markets fell over yesterday's trading.
Back home the ASX has broken through the lower support trend line which is not a good thing. Yesterday saw the ASX down almost 80 points yesterday which makes it 12 straight days of losses. This is definitely what they call a correction however, we are not yet down to the lows of August 07 - but not far from it. Some would class this as a 'crash' and if we look at the high's of November 07 until now, it has been a much larger correction than in Aug 07 with no real good news in sight.
I am unable to update the RA Portfolio at this stage. However, from memory there was $847 in the bank, and a handful of PRE shares that had lost 1% when I last looked. Considering the market has fallen 4% since we bought them, we are doing relatively well :o. The IMI shares have fallen further than when our stop loss selling price was met. The lesson here is if you are in the market, be dilligent with your stop loss selling points and it will save you money in the long run. Phew, the first lesson already.
My 2cents.
Whilst I have been soft, the markets have been woeful. This is what is classed as a bear market. The US has fallen with investors leaving stocks and placing their interests in more stable items like Gold, Oil or Treasury Bonds as a lower return but generally safer option. Over night the Dow Jones was closed for a public holiday in the US (Martin Luther King day). As a flow on effect of the US markets on Friday, all the world markets fell over yesterday's trading.
Back home the ASX has broken through the lower support trend line which is not a good thing. Yesterday saw the ASX down almost 80 points yesterday which makes it 12 straight days of losses. This is definitely what they call a correction however, we are not yet down to the lows of August 07 - but not far from it. Some would class this as a 'crash' and if we look at the high's of November 07 until now, it has been a much larger correction than in Aug 07 with no real good news in sight.
I am unable to update the RA Portfolio at this stage. However, from memory there was $847 in the bank, and a handful of PRE shares that had lost 1% when I last looked. Considering the market has fallen 4% since we bought them, we are doing relatively well :o. The IMI shares have fallen further than when our stop loss selling price was met. The lesson here is if you are in the market, be dilligent with your stop loss selling points and it will save you money in the long run. Phew, the first lesson already.
My 2cents.