Markets down again

[300]

Another RR day on the stock market for anyone interested. Helps my post count too :p

[Aukiman]

question is is there going to be any improvement in the short term

[300]

Not for my coup of fowls!! :mad:

[300]

Markets in the US take a dive for the third day running however after a colossal hit peaking at 340 points down during the afternoon session, the market rebounded to only a loss of 15 points by the end of trade. This is most likely bargain hunters snapping up fantastic discounts. Fortunately for our market, we have the benefit of seeing this trend and it might just give investors that ray of hope that all will be well again. Time will tell

[Aukiman]

Yeah they said there was a rebound this morning ... dont let go your stocks just yet !!!!

[jojo]

I'm worried bout my super :(

[CyberCrypt]

me too.... ive not had a job for more then 3 years yet and been a member of various funds etc and not really kept up with it all.... i think ill be an old man still working my ass of... luckily i chose a profession where providing my eyes dont give out i should be right to do it all sitting down.... ah well time will tell.... give me a win in the lotto george!

[MasterK]

Super? waste of time...

[Spainey]

Lol,.....its is a nice cherry on the top of your retirement investments though.

[Jen]

yeah, go the super!!

[300]

Late update this morning after some busy mornings. Small shock waves felt in the AUS market today after a slightly lower close in the US overnight. Some confidence building however, the AUS market has a little way to go to get back to the levels it left leading into August. The good news appears to be on the horizon with the US Federal Bank to meet on Sept 18th and it is at that stage that a report of the current situation is revealed along with the plan of attack for the near future. So current thoughts are, if you aren't active in the market now hold off until then, otherwise for those with current investments - the light is on at the end of the tunnel.
Just my 2 cents

[300]

Friday saw some good gains in the US market as confidence returns overseas. Lining up for a nice buying day in the ASX today on the back of a good finish in the US. However, the old adage of buy on Friday, sell on Monday/Tuesday may have held up the prices. Friday was set to look good for the Aussie market, however, the market took a slight slide throughout the entire session.

The good news is that it is still reporting season and this week there are a few companies with reports to be released which may bring in some good news in gloomy times. The good news (that everyone is hanging out for) might be enough to start the herd rolling before the US Fed announcements on Sept 18th.

[300]

After a refreshing day yesterday in the Aussie market, the US market has taken some hits over night again on the back of a home sales report - obviously not a flattering wrap. It wasn't of the same size as the larger drops seen in the past four weeks, however, the drop turns the herd back into the nervous pastures. Some analysts are suggesting that the current focus isn't on good news reports out of the reporting season in the US, it is on the home market and any bad news is compounded by the movement of the herd.

There are good signs however with general stories of increased profits, underpinning the optimists push suggesting that the economy isn't in too much of a bad way, just the focus is currently on a gloomy area.

As far as the local market goes, yesterday was a nice breather in the breather to keep the portfolio in the black. However, there should be some more volitility until the Fed gives the word in mid-Sept. Overnight two reports are being released in the US that will given an insight to the current health of the US which will have an impact either way. The first report is the consumer confidence report and it is expected to be down. This is released early and may have an impact throughout the day's trading. The second report is minutes from the last Federal Reserve policy which is old news now as it doesn't have any information about recent US rate drops. But minutes are free info on what is going on behind the scenes and can be used by investors to gauge from that point in time until now how well the economy is travelling.

Another rocky week - get set punters!
My 2cents.

[300]

Today is BOHICA day and as this is a G rated site, so I will leave it at that. The US markets took a substantial punch in the guts over night as the financial reports released yesterday didn't paint much hope in the strength of the economy in the States. Current readings have repeatedly suggested that the current volitility has stemmed not from a liquidity problem, that is where there isn't enough money in the economy to cover the debts taken out. Rather, the current climate has evolved from a credability issue. Some financial analysts have suggested that someone needs to take charge and bankroll the confidence back into the markets, but maybe it is about time that the punters learn what risk is again? Afterall it has been quite a good run in most sectors since 2000 - especially in the US with their housing boom. Eitherway, a correction isn't a nice thing to go through - bring on Sept 18!!