Was expecting Comsec to be down intermittently at least, but nothing of that sort happened.
Don't think they'll be that efficient to upgrade the system in just a few days given what happened beginning of March, so it can only mean fewer people are selling this time, and you know what that means...
Don't think they'll be that efficient to upgrade the system in just a few days given what happened beginning of March, so it can only mean fewer people are selling this time, and you know what that means...
Was thinking exactly the same thing this morning on NAB Online. Having said that tho, technically if their system is built right, it's a simple matter of adding more web/app/database servers to their 'farm' to take the load.
Was expecting Comsec to be down intermittently at least, but nothing of that sort happened.
Don't think they'll be that efficient to upgrade the system in just a few days given what happened beginning of March, so it can only mean fewer people are selling this time, and you know what that means...
Are we seeing 2 dead cat bounces???!? You normally only get one before the market capitulates ???
The Nikkei is currently down 500 points, and tommorrow General Motors release their $data regarding their exposure to the subprimes. They are supposedly down US$1bn there.
None of the small cap stocks that I am watching are selling off. They dipped just after open and then regained and are holding.
Nikkei went to almost -500 just after open and the ASX didnt blink.
Hang Seng in 15 minutes. ?
My point is that there is usually only 1 dead cat bounce, but I'm getting the feeling we're going to see a lot of dead cats before any Chinese rates rise really kills this.
Maybe a lot of the recent perma-bull punters are ignoring the drop, reasoning that it has just dropped and recovered once already, also having possibly bought/topped up at bargain prices. If we have another day or three going south..... the crowd may move???
Maybe a lot of the recent perma-bull punters are ignoring the drop, reasoning that it has just dropped and recovered once already, also having possibly bought/topped up at bargain prices. If we have another day or three going south..... the crowd may move???
None of the small cap stocks that I am watching are selling off. They dipped just after open and then regained and are holding.
Nikkei went to almost -500 just after open and the ASX didnt blink.
Hang Seng in 15 minutes. ?
My point is that there is usually only 1 dead cat bounce, but I'm getting the feeling we're going to see a lot of dead cats before any Chinese rates rise really kills this.
The opening gap on the nikkei rarely has an impact on our market-it was obviously going to gap down this morning, no surprises there. However, when the nikkei turns intraday, we've been following of recent times. It was pointed out in the spi thread recently. This morning was no exception- the nikkei futs found resistance at 16775, then started heading lower, 10 minutes later, the spi went south with it, and lost 25 pts.
Another sea of red.
Markets are generally gloomy across the board. The London FTSE closed at a low point down 2.6%, down 160.5 points, and the Dow followed the same path, down 92.29.
Difficult to give an ASX 200 forecast as the Dow closes in about 4 hours.
Major Mining stocks fell 4% to 7% as the sector turned decidedly bearish. Financial stocks fell heavily in Europe as markets turned bearish towards the close after an early recovery.
Don't blame noirua to much
A wild 200 pt swing from its lows ... seems like someone is playing with the markets over there... never can tell what the yanks will do from day to day.
It seems that all the factors that caused the 250 drop yesterday have been fixed overnight and its bussines as usual.