|
Monday Morning Madness in Oz.........
Hi folks,
the market here in Australia is following the closing patterns of the US on Friday and taking a bit of a battering...here's a few links to peruse: Dollar Dives as Investors flee to greenback, http://www.bigpond.com/news/business...27/2401710.asp Local Shares dive again amid Asian Rout, http://money.ninemsn.com.au/article.aspx?id=652956 Australian Funds in Crisis after Bank Guarantee, http://money.ninemsn.com.au/article.aspx?id=652712 since the majority of European and banks of the Americas are yet to start their new wk's trding this should be interesting to see the repercusions over there as well. Blessings, Vesta |
Re: Monday Morning Madness in Oz.........
Stay liquid stay safe until New monetary system is worked out!
|
Re: Monday Morning Madness in Oz.........
in your first link it should say Flee "to" Greenbacks...
|
Re: Monday Morning Madness in Oz.........
Thanks RS,
noted amd amended! :original: How many hrs b4 your mkts open now? Blessings, V. |
Re: Monday Morning Madness in Oz.........
I've been watching the Aussie Free fall, doesn't look good, is New Zealand Closed?
We have a dozen hours until we open |
Re: Monday Morning Madness in Oz.........
Hi RS, haven't seen anything from 'the land of the long white cloud', perhaps one of our peers from NZ can provide commentary on that?
Here is an update on the AUD ride @ the moment: http://money.ninemsn.com.au/article.aspx?id=655534 It is unusual for me to be able to be on at this time as I'm usually at work and definitely unable to access this or any other forum from those premises....so being unwell as I am, today I am able to post updates as they come in instead of first thing in the a.m or after work in the P.M. I think it will be interesting to see the freefall that I believe is about to occur. I remember a visit to the US that I took with one of my kids back in 2002 and then we were getting about 0.51 cents to the USD - I don't know if it's headed back to that or.................. Guess it's time to strap on our parachutes and see were the prevailing winds will blow us to. Fair winds RS, fair winds, blessings, Vesta. |
Re: Monday Morning Madness in Oz.........
Quote:
Quote:
|
Re: Monday Morning Madness in Oz.........
Cheers, mmerlinn.
Should be a giddy-up kinda day, I'm feeling it in my waters and the north-westerly winds are blowing here at the moment - usually brings in some cranky weather with it, :wink2:..... Blessings, Vesta. |
Re: Monday Morning Madness in Oz.........
Latest update on the AUD:
http://money.ninemsn.com.au/article.aspx?id=655564 Aussie dollar a 'whipping boy' http://www.news.com.au/business/stor...-31037,00.html Self-funded retiree left with $5 after fund freeze http://www.news.com.au/business/mone...-14327,00.html RBA steps in as dollar tumbles http://www.news.com.au/business/stor...35-462,00.html V. |
Re: Monday Morning Madness in Oz.........
just under 8 hours in UK before the markets open and the fun begins thats if it kicks off at 9.00am gmt, should be intersting thanks forkeeping us posted cobber!!:shocked::shocked:
|
Re: Monday Morning Madness in Oz.........
Hi BAC,
so by rights our mkts should close just as yours are opening for business, and the UK will be a few hrs b4 the US - will definitely post an update by then and will wait with interest to see how the day plays out around this blue ball.... Blessings, V. |
Re: Monday Morning Madness in Oz.........
they pull plug when dow hits 4000 or belowm i reckon... we hav a few weeks left?? whilst nato pokes sticks into syria and pakistan.... its all go
|
Re: Monday Morning Madness in Oz.........
lets not forget shoving iran into a corner before it lashes out at on of those ships in the gulf.....it is so nicely falling into place....the PTB all the worlds leaders should forced to make the first cavalry charge, i wasquite shocked to read that the austrailian dollar has lost 80% it value over the japanese yen jeez thats quite frightening, i also read that Oz is down to one weeks supply of diesel fuel plenty of everything else but as your transportation infrastructure is run on diesel engined vehicals...hell food shortage and general mayhem
|
Re: Monday Morning Madness in Oz.........
here's a report albeit short on gold being the saving grace in the face of the falling mkts.....
http://money.ninemsn.com.au/article.aspx?id=655581 Since we of the wide brown plains rely heavily on long-haul transportation for the vast majority of food, the custard will hit the proverbial fairly quickly here for those with no access to any resources. You should see what the supermarkets are like the day b4 a public holiday, ppl are usually queued for 100's of metres with overflowing trolleys for just the fact that it's one day they won't be able to get a loaf of bread or a litre of milk. I personally will be spending this f/n's pay pkt on dried goods and non-perishables to stock up the pantry a little further. ( Though of late the shelves have been more & more sparse, particularly the rice and legume sections, someone else must be having the same thought drats:doh:). We are in for some interesting times in the very near future dear friends, blessings, V. |
Re: Monday Morning Madness in Oz.........
well vesta i not really in a position to give you any advice just to offer the best of british when the poop does hit the fan you have my sympathies, ok for us brits we love queueing!!, thanks for the updates your top of the pops for that:thumb_yello:
|
Re: Monday Morning Madness in Oz.........
Cheers BAC,
and here's another for you: http://money.ninemsn.com.au/article.aspx?id=655597 I think it's going to be valuable to look at these updates from earlier time zones and see the impact, ( or not), as the mkts open around the globe. I'll be interested to see how things begin to play out in several mkts over the next 48hrs....gives this globe an opportunity to turn once for all of us and then see how things are panning out! :wink2: Just glad really that I'm in a rural area and won't have to run the gamut as some will in the cities - one can only imagine how nasty it may get... sending lots of love and light that this won't be the outcome though! V. |
Re: Monday Morning Madness in Oz.........
Yep Vesta - i just popped into Bunnings this morning to buy a heap of seed potatoes!!! Gonna get them planted this afternoon - to complement the rest of the vegie patch. Figuring i might need more space to grow even more food in the near future i converted another front garden bed into a vegie patch last week!!
It certainly wont go to waste. I've long been an advocate of "localising" food anyway. It seems ridiculous to me to buy produce from the other side of this country or the other side of the world for that matter because it is a few cents cheaper!! These certainly are interesting times. |
Re: Monday Morning Madness in Oz.........
Hi Gen,
good on you lovely for getting into the gdn this arvo, I'm afraid I'm loathe to go outside too much at the moment as my allergies have flared up really badly, (why I'm not at work as the drugs I took really knocked me out and I slept away most of this morning), and I am trying to avoid aggravating the situation too much! Obviously I have to do a few things, like go out to the water tank since it's not plumbed into the house but anything else is rethought for today at least.... Agreed, have always thought it a huge shame that we as a nation have not been able to undertake at a local level more of our own viable food production, harkens back to the slow food movement and the commonsense of eating to the seasons rather than demanding product that is lesser quality all yr round! Our fore-founders had it right - if you wanted to eat out of season then preserve, pickle, smoke, dry or do without!!! :original: On my shopping list I will be keeping an eye out for an ezi-yo yoghurt maker, we will hopefully still be able to get milk locally and my family loves yoghurt...have started re-organising my veges and the fruit trees in my small orchard are coming along nicely at the moment. Neighbours have chooks so barter should work there. Blessings to you and yours, V. |
Re: Monday Morning Madness in Oz.........
Some more to chew the fat on:
Gold rises on more Govt Intervention http://money.ninemsn.com.au/article.aspx?id=655607 FOREX Forecasts don't favour AUD http://money.ninemsn.com.au/article.aspx?id=655608 Global Mkt:ASIA Shares fall on recession , YEN firm http://money.ninemsn.com.au/article.aspx?id=655610 Nikkei up on techs after 26-year low, banks weigh http://money.ninemsn.com.au/article.aspx?id=655686 V. |
Re: Monday Morning Madness in Oz......... IMF outlines new rescue plans
http://money.ninemsn.com.au/article.aspx?id=655694
Middle East mkts also discussed in this report. V. |
Re: Monday Morning Madness in Oz.........
1100 points of swing today in Hong Kong within the first hour, down 5%...
Doesn't look like a good start for the week... Looks like a good day to play Shorts... oh wait, they shut em down last week... I liked how Japan opens the market for 2 hours, slams the door on a positive note and everyone heads out to drink Sake... When they get back, everyone is ready to buy... :wink2: Maybe we should make Wall Street like Vegas, everyone sits in a Chair and gets served strong free drinks to keep the money flowing in... |
Re: Monday Morning Madness in Oz.........
For the latest in today's good news:
World depression unlikely - OECD http://www.news.com.au/business/stor...81-462,00.html Enjoy the read! V. |
Re: Monday Morning Madness in Oz.........
Japan just opened after 1 1/2 hour break and it dropped into the negative within minutes...
They should have given them a little more time for sake... |
Re: Monday Morning Madness in Oz.........
This just came up from TOKYO (Reuters)...
Quote:
|
Re: Monday Morning Madness in Oz.........
LOL!!!
Obviously the sake isn't strong enough......... or they weren't drinking for long enough - what an idea, no wonder a friend of mine in this game has spent most of the last mth alternating from the foetal position under his desk to drinking his way thru 18 holes each day! V. |
Re: Monday Morning Madness in Oz.........
WTF????
So we're now awaiting a joint statement to be released??? V. |
Re: Monday Morning Madness in Oz.........
UPDATE 1-Oil falls below $64, economy outweighs OPEC cut
http://money.ninemsn.com.au/article....<br /> <br /> |
Re: Monday Morning Madness in Oz.........
Yen surge is excessive: Japanese MP
http://news.ninemsn.com.au/article.aspx?id=655720 Japan announces plan to support market http://money.ninemsn.com.au/article.aspx?id=655731 China's economic growth to be hit http://news.ninemsn.com.au/article.aspx?id=655734 Any other news from countries that should now be open and trading???? V. |
Re: Monday Morning Madness in Oz.........
where is my mini violin for the oil companies...
They sucked us dry when they had no reason tipping the economy, you won't see any tears from my eyes for the greedy lil .:mad3: |
Re: Monday Morning Madness in Oz.........
Australia c.bank intervenes to buoy ailing Aussie
http://money.ninemsn.com.au/article.aspx?id=655564 waiting for the Euro and UK Markets folks......... V. |
Re: Monday Morning Madness in Oz.........
a brutal couple of days for India, down 1700 to 8200 and they just opened...
uh oh, the sake wore off, Japan is down 500 and sinking fast |
Re: Monday Morning Madness in Oz.........
resume the sake intake post haste!!!
Perhaps the rest of the day will be all light & fluffy??? :roll1: :roll1: :roll1: :roll1: :roll1: V. |
Re: Monday Morning Madness in Oz.........
Australia shares fall 1.6 pct on recession gloom
27/10/2008 4:16:35 PM MELBOURNE, Oct 27 (Reuters) - Australian shares fell 1.6 percent on Monday, extending their losing run to a fourth session, with investors still dogged by fears the global economy is heading into recession. The benchmark S&P/ASX 200 index (.AXJO S&P/ASX 20027 October,200827/10/2008 16:45 Sydney, Australia. Value Change % Change 3809.2 -60.2 -1.6% Australian indices International indices .AXJO , 3809.2, -60.2, -1.6%) was lost 60.2 points to close unofficially at 3,809.2, its lowest close in four years, following a 2.6 percent slide on Friday. ($1=A$1.62) (Reporting by Sonali Paul) V. |
Re: Monday Morning Madness in Oz......... now waiting for opening of the other mkts!
Nikkei slumps to 26yr low
http://www.bigpond.com/news/breaking...27/2402653.asp Australian share market hits new low as financials slump http://www.news.com.au/business/stor...-31037,00.html Now over to others who will be seeing the opening of the mkts in Europe, the UK and the America's over the next few hrs. Blessings to all, Vesta. |
Re: Monday Morning Madness in Oz.........
HANG SENG INDEX : -/- 15 % !! at this time of writing !
This index lost almost 1.900 points.. Sorry, already more than 1.900 points down...now...9:06 GMT+1 When they close, Europe will open. Hang on today for a tough ride. I expect statements today from world leaders, if not, it will almost certainly end in a freefall today... that's what it looks like now.. |
Re: Monday Morning Madness in Oz.........
Quote:
Snap out of your hypnotized comatose 'look the other way' state. Sorry my friend this so called crash is all planned, one must ask when they pull the next stunt on the new monetary system crash what are you going to say? "Oh just wait till they get the RFID chip worked out I will take one on my forehead thanks?" Lets be positive about this, they are wrecking this sick system to bring in a sicker one, but it is an opening to cut them off at the pass, collective thoughts! take control of your own life and eliminate governments and the pathetic Illuminati curtain show forever, freedom is ours we are powerful beings just DO IT. |
Re: Monday Morning Madness in Oz.........
In response to earlier question thread.
Monday 27th is a statutory holiday, Labour Day, in New Zealand. Markets and Banks closed for the day |
Re: Monday Morning Madness in Oz.........
So Sorry I got it wrong - I thought this 'MONEY THING' was just an illusion ?:shocked:
|
Re: Monday Morning Madness in Oz.........
:nono: IMF..$16.5BN DOLLAR LOAN TO UKRAIN....UK SHARES LOWEST FOR 5 YEARS...G7 FRETTING OVER SURGING YEN HSBC -- SANTANDER SHARES WOBBLING...THE CARDS ARE SLOWLY STARTING TO CRUMBLE AND WORLDWIDE IT IS UNSTOPPABLE PERPETUAL FINANCIAL COLLAPSE......ALL LEADING TO AS SOMEONE MENTIONED EARLIER IN THIS THREAD A NEW WORLD MONETARY SYSTEM....AND WHEN THE CIVIL UNREST STARTS ...... FIRE UP A LITTLE WW3 :wall:
|
Re: Monday Morning Madness in Oz.........
just remember your spirit within and do not buy into the fear.
|
| All times are GMT. The time now is 05:55 PM. |
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Project Avalon