Houston 3

DaveJ · 22-01-2008, 05:01 PM

Wow... NOW there is blood in the streets!

Tropo · 22-01-2008, 06:34 PM

Quote:

Originally Posted by DaveJ

Wow... NOW there is blood in the streets!

You are not wrong. Expect more...
Happy shorting

EDIT : Interesting stat.
74 Advancers
1552 Decliners
598 Unchanged

Redwing · 22-01-2008, 10:13 PM

News.com.au Top stories | News from Australia and around the world online | News.com.au

Be Interesting to see what the morrow brings

I would expect a bounce this week (even if its a dead cat)

Alan · 23-01-2008, 07:22 AM

Good morning Houston.....looks like we may be able to get one of the boosters firing this morning afterall.....

News: Australian Stock, Share & Commodity Markets News - Tradingroom.com.au

Note: For those of us that sat through yesterday's relatively rare but quite significant ASX event, give a thought to those on October 20th 1987 who endured a market fall of 24.99% in one day!!

Tropo · 23-01-2008, 07:41 AM

Quote:

Originally Posted by Alan

Good morning Houston.....looks like we may be able to get one of the boosters firing this morning afterall.....

News: Australian Stock, Share & Commodity Markets News - Tradingroom.com.au

Note: For those of us that sat through yesterday's relatively rare but quite significant ASX event, give a thought to those on October 20th 1987 who endured a market fall of 24.99% in one day!!

Happy firing

Edit:
Jan. 22 (Bloomberg) -- U.S. stocks fell for a fifth day after the biggest Federal Reserve interest rate cut in 23 years failed to persuade investors the economy will avert a recession.

Bloomberg.com: Worldwide

Redwing · 23-01-2008, 08:09 AM

I see from the news that Comsec went into meltdown for half an hour due to frenzied trading as well..

Quote:

Stock market bloodbath

By staff writers with wires
January 23, 2008 08:36am

News.com.au Top stories | News from Australia and around the world online | News.com.au

FINANCIAL markets around the globe are in a spin - the US sneezed and the world caught a nasty cold, leading to billions in investor losses - but the US central bank has tried to stop the freefall by slashing interest rates.

Australian shares plunged 7.3% yesterday

$110 billion was wiped off the savings of investors

The loss was the 4th-worst day in history, behind the October 20, 1987 crash (25 per cent), the junk bond collapse on October 16, 1989 (8.1 per cent) and October 29, 1987 (7.6 per cent)

Australian shares are down 18.2 per cent since the start of the year, a much bigger fall than Wall Street's 8.8 per cent (as at yesterday market close)

US overnight cut interest rates in an emergency move by 75 basis points

The US cut was made between regularly scheduled meetings

The US stock market was down 1% overnight, recovering from a near 4% loss earlier

Despite falling US borrowing costs, interest rates may still rise in Australia

Economists believe an increase in core inflation today of 0.9 per cent for the December quarter will prompt the Reserve Bank to raise rates – data is due 11.30am AEDT

US President George W Bush isn’t ruling out a larger economic stimulus package than the $174.55 billion program already outlined to reinvigorate the US economy

The Australian dollar was sharply higher early today at .80 cents, up from 85.95 yesterday

London's FTSE 100 index of leading shares closed 2.9% higher at 5740.10 points overnight

The Paris CAC 40 index closed 2.07% higher at 4842.54 points The Euro Stoxx 50 index of leading eurozone shares rose 1.37 per cent to reach 3753.68