Not exactly Ash it’s the same whip saw action on the Dow but the drivers are very different
2008 was all about leverage subprime collateral securities
Disgraceful lending practices poor regulation greed on a scale never seem before
Our whole financial system collapsed.globally people in the US lost whole super funds houses jobs
We are not now anywhere near danger of that
A GFC type fall 6300 to 3200 is unlikely to happen again unless something goes horribly wrong
There are circuit breakers now limit down etc and much more regulation by the SEC
This will not end like the GFC at all but it could be the start of a deeper correction
In volatile markets, the hedge funds run the show look at today's action halving the day's losses almost
There is no real selling with conviction which was the case mid-2008
A lot of this is the ten-year bond yield curve spiking
A lot of traders in the US watch the Vix which spiked hard this week often a sell signal
Big difference between a crash and a prolonged correction which can last months with rallies in between -commonly known as suckers rallies
If you're going to sell stock you sell into the, mnot into weakness
How all this affects FBR is unknown as news flows can spike a share higher even in bad markets
I held JBH thru the GFC which I've owned since 2007 it walked straight thru the GFC
Stocks like BHP RIO are still neatly half what they were in 2008 some stocks take years to recover
Key is cash you need a good proportion of your money in cash thru corrections to take advantage of overreactions and opportunity to buy good stock lower
No use been fully invested right now as that gives you no firepower to short or hedge with gold etc
Interesting spike in gold stocks today always a sign stormy times ahead
I hold NST EVN for that very reason always pay to hedge
We simply had it too good too long last year this year needs more caution
Not saying its doom.n gloom.just be vigilant and the biggest mistake people make in corrections is doing nothing
Either augment cash for opportunities or hedge over your portfolio
Sit like a rabbit in the headlights you will soon be road kill
Puck your marks pick them.well don't be afraid to buy something 10-25 per cent cheaper you were going to . Month ago
Drip feed the correction in my view
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Last
3.5¢ |
Change
-0.003(7.89%) |
Mkt cap ! $167.6M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $270.5K | 7.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 108427 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 0.035 |
20 | 3474036 | 0.034 |
4 | 879545 | 0.033 |
4 | 432937 | 0.032 |
10 | 1451755 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 108427 | 3 |
0.037 | 450000 | 2 |
0.038 | 185000 | 2 |
0.039 | 1002155 | 7 |
0.040 | 1989731 | 6 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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