Remove this Banner Ad

General Markets Talk

🥰 Love BigFooty? Join now for free.

Kram said:
CSL oh how the mighty has fallen.
Click to expand...

I still have mine that I bought @ $101 per share a few years ago now (like 10 years ago, something like that). So still in the black but prefer them at $300 per share.

My Lynas (LYC) shares, now doing very nicely. Bought originally @ $2 per share, sold @ $6 then rebought in @ $5 and they were up over $20 a share, dipped a little last few days but still, very happy. :).
 
Kram said:
I looked at lyc as a trade when it was sitting in the top end of that long running range but then it finally broke out.
Click to expand...


LYC on the downward elevator with a bullet at the moment.

$21.27 on the 14th of Oct now 2 weeks later $14.79. Its now on the roller coaster of ups and downs.
 
Australian shares are set to drop 1.7 per cent at the open, tracking broad losses on Wall Street as the probability of a Federal Reserve rate cut next month fell to near a coin toss from almost a certainty a month ago.

The Dow slump 772 points near 3.20pm in New York, dragged down by a 7.7 per cent drop in Walt Disney, a 4.8 per cent drop in Nvidia and a 4.4 per cent slide in Caterpillar. Information tech led nine of the S&P 500’s industry sectors lower.

Tesla tumbled 6.8 per cent, partially paring an earlier deeper swoon. The NYSE Fang + Index, which tracks that megacap techs, fell 2.4 per cent.

The probability of a quarter point rate cut next month briefly fell below 50 per cent, according to federal funds’ futures. At 3.10pm, it was at 51.6 per cent, from 62.9 per cent the previous day and 95.5 per cent a month ago.

While the US federal government shutdown has ended, its impact on data that policymakers use to make decisions is uncertain, and that’s dented expectations for rate cuts.

“There will be lingering disruptions” to economic data for several months, said Strategas Securities Don Rissmiller. “It’s understandable that monetary policymakers want to move prudently – but this leaves open the possibility that US labour market conditions weaken further in the fourth quarter.”

Still, many Fed policymakers seem “comfortable” leaving the US economy on its own for now, Rissmiller said.

The latest weekly survey from the American Association of Individual Investors shows that almost half of retail investors are pessimistic. Carson Group strategist Ryan Detrick said that’s hard to reconcile with the S&P 500 within 1 per cent of its record high and with the benchmark on track for a potential third consecutive year of 20 per cent gains.

Market highlights​

ASX 200 futures are pointing down 146 points or 1.7 per cent to 8632.
All US prices near 3.15pm New York time.

  • AUD -0.2% to US65.29¢
  • Bitcoin -3.3% to $US98,237
  • On Wall St: Dow -1.6% S&P -1.7% Nasdaq -2.4%
  • VIX +3.51 to 21.02
  • Gold -0.7% to $US4165.49 an ounce
  • Brent oil +0.5% to $US63.05 a barrel
  • Iron ore +0.1% to $US102.85 a tonne
  • 10-year yield: US 4.11% Australia 4.42%
Click to expand...
www.afr.com

ASX 200 LIVE: ASX to drop, Wall St slides on rate-cut clouds

Australian shares are set to plunge; Tesla sheds near 7pc; Nvidia falls 4pc; bitcoin below $US99k; US rate cut probability briefly seen below 50pc. Follow live.
www.afr.com www.afr.com
 

Log in to remove this Banner Ad

I'm back to two legs into shorts via put warrants. AI stocks propping up the Nasdaq looking shaky.
 
I see the ASX 200 has taken a big hit.....42 billion wiped out in 90 minutes according to some news articles.

My concern...i changed my Superannuation investment plan....it was 50% international shares and 50% australian shares which was ultra high risk (looking for high reward/bigger return), but earlier this week i changed it to 70% international shares and 30% australian shares. Again - high risk, high reward.

But with the share market falling....do i need to change investment plan to conservetive? I'm 38 so I have time to recover from falls/crashes on share markets etc.
 
WTC is looking appealing. Looking past Mr White's scandal the company has a dominant market share in a growing industry. A drop close to $60 this week will probably have me placing an order
 

Remove this Banner Ad

General Markets Talk

🥰 Love BigFooty? Join now for free.

Back
Top