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Shares fell 4.4 per cent this morning on the All Ordinaries Index, or 192.3 points, to a two-year low of 4160.6. The losses add to the $65 billion or so lost in the previous three days. Their loss - your gain if you are quick! Today only. Tomorrow might be a different story. Never to be repeated prices, maybe. Be bold. Be brave. Make a small fortune on the stock exchange today … if you did not invest a large fortune yesterday.
i'm lol'ing even though i lost some monies :(
SAVE $65 BILLION ON LAST WEEKS' PRICES!!!
where is jv…
This made my morning
My dad told me
" Never dare to catch a Falling knife"
but you can pick it up from the ground!
is it on the ground yet though? or still falling??
Just make sure it's firmly on the ground, rather than in the middle of a bounce.
what if you double-dare someone to catch a falling knife?
Tomorrow might be a different story.
yeah, they might be even cheaper…
not a valid reason to neg!!!
computer part prices are always getting cheaper day by day!!!
no always… memory prices went up last year quite a bit before falling again…
Actually I can guarantee tomorrow Australian share prices will be the same as close of business Friday.. not that you'll be able to buy any Australian shares!
mod can you put $65 billion saved in the title.
PLUS commission
Not a bargain, I checked around and they're selling them exactly at market price !
Nah, not an Ozbargain…yet. When the 'all ords' gets to be around 3500..then it will be good value :) But more thoughtfully: for each individual stock when price < value then it is a bargain. Of course, to calculate value is the $64 B question.
maybe tomorrow we can repost this bargain :)
i just moved a large sum in anticipation - still a fair way from where i would get excited though… i go with Buffett's philiosophy: 'be greedy when everyone are fearful and fearful when everyone is greedy'…
awww the fun is over :|
as Warren Buffet says "when it's raining gold reach for a bucket not a thimble"…shame I can't even afford a thimble atm.
Worst week in a while…hope there is a dead cat bounce on Monday!
nice take on recent events but i can't jest since it's a little too sobering considering just what this "discount" will mean to all Australians, just about everyone with superannuation would cry, years of saving a few bucks here and there on Ozb wiped away in 2 days!
as for how long it will last, maybe as soon as the bargain hunters move in and not a moment sooner, people say historically the sharemarket recovers and longterm investors still grow their portfolios, but history is being re written as we speak, GFC(global financial crisis) Mk2 here we come…
It's only a paper loss unless you sell. Shares have always recovered and always provide the best long term income. Shares are priced for a severe global recession already. Whereas Australian houses are priced for continued resources prosperity. I do agree that many history books will be written about this GFC era.
s&P just downgraded USA credit rating from AAA to AA+, we can see the impact on monday
I guess who ever bought those shares are gonna be in for a nice windfall.
The market will overeact on monday and then that reaction will reverse slightly on tuesday. Friday was an overeaction too, the next three business days are going to be really interesting..
from the major banks, anz and wbc, their current price around 18.7, with dividend per year around $1.4 fully franked 100%, it is around 7% net return if your tax income at 30%.
warning!!! this is general advice only, not take account your personal situation.
Thanks for the disclaimer. Yes — while we are having "fun" mocking the falling share market on this forum topic, people need to realise that these are not financial advice and OzBargain is not liable for your financial decisions :P
(Although some might argue that they might have incurred too much credit card debt because of OzBargain)
have you ever got complaint about credit card debt from the member? :)
nope , …. only from their partners !!!
Free shipping?
lol