***Official*** 2016 Stock Market Thread

[Imp]

Interesting report I found -- not the Daily Mail link below but the story the Mail is summarizing -- with Australians who bought a bunch of investment properties and are losing it all. One couple bought 10 properties or something in a mining town, borrowed over $6 million. You'll never guess what happened to the housing market there...

Watch out for AUTO-PLAY videos and tons of ads...
http://www.dailymail.co.uk/news/art...-burst-property-values-plunge-30-50-CENT.html

Something about mortgages that are "interest only" too. Just waiting for China's little credit problem to come to the surface and game over.

 

[OverVolt]

Australia is America just 10 years lagging.

I've known this for awhile. I looked at their debt to GDP (30%, back then) and thought for a developed country they don't have that much debt. Then I saw their housing prices and was like yep... just wait.

So... 2018 and they go from 30% debt to GDP to 100% to save their housing market just like every other developed nation? Thats my guess.

The loans must flow due to the money creation that they are responsible for. Otherwise you get a deflation/default spiral. If house lending falters, then the government must borrow to pick up the difference.

 

[turtile]

You also have to remember that Australia has much higher wages for most of the country compared to the US. I think it's $16.80 for minimum wage. One of my friends went there to lifeguard a couple years ago and went from making $13/hr here to $32/hr there but he said that the extra cost of living there just made it about the same.

 

[OverVolt]

You also have to remember that Australia has much higher wages for most of the country compared to the US. I think it's $16.80 for minimum wage. One of my friends went there to lifeguard a couple years ago and went from making $13/hr here to $32/hr there but he said that the extra cost of living there just made it about the same.

Yes and our housing bubble was like half the size. Theirs is of a much greater magnitude.

 

[Imp]

Hong Kong market is already in trouble. If it goes over to Australia, it might hit Canada. Australia is probably in a worse position because its economy probably relies on resource extraction in a not so small way. Prices probably won't pick up until China is rolling again and I don't think China is even done falling over yet...

Oh, look at that, Shanghai index is down 6% again for Thursday.

Edit: And apparently residential mortgages make up 60% of all loans in Australia.

Video in link, not sure if auto-play:
http://www.afr.com/news/economy/employment/uncovering-the-big-aussie-short-20160223-gn130w

 

[edro]

What do you guys use for stock market updates and general info?

I use google.com/finance, but it has been changing things lately and I am sure there is a better source that shows more/better information.

I know some of you have a Bloomberg terminal... but I am just an average joe.

 

[Michael]

I have used yahoo finance for years and years. I have always liked how easy it is to get historical prices right off a link in the main stock quote. So,strikes their message boards are even if some small use.

Michael

 

[Charmonium]

I like the futures charts on Finviz but they also have company info including analyst ratings and price targets.

http://www.finviz.com/futures_charts.ashx?p=d1

I generally use Google finance though.

late edit: I forgot to mention that the best source of info should be your broker. They should have analyst reports from at least a few different sources like S&P. They should also have all of the stuff that something like google would have.

 

[Imp]

I use CNBC for general filler, click-bait material.

I sue my online broker's site for quotes and "official" releases unless I can't find it, then I just google.

 

[dr150]

I use CNBC for general filler, click-bait material.

I sue my online broker's site for quotes and "official" releases unless I can't find it, then I just google.

You're the litigious kind, aren't you?

 

[Imp]

^^Maybe I'll sue you for pointing out my idiocy...

So, two oil companies may default on their debt within the next few weeks. Total debt of about $8 billion between them. But hey, the Canadian dollar just rocketed up so everything's going to be fine.

AUTO-PLAY VIDEO alert:
http://www.bloomberg.com/news/artic...of-u-s-oil-defaults-looms-as-bust-intensifies

 

[FelixDeCat]

You're the litigious kind, aren't you?

Im thinking about suing SUNE for not allowing my limit order of $1.30 for 500 shares to get executed this morning. I had to buy at $1.55!!!!

I sold at $1.73.

After hours quote for SUNE? $2.29!!

 

[Imp]

Uh ohs. Looks like S&P 500 is hitting resistance at 1950.

Using amazingly accurate technical analysis... It looks like the market could tank in March by comparing it to the 2008 and 2001 dumps. Could the catalyst be a Fed hike around March 20?

 

[s0me0nesmind1]

Uh ohs. Looks like S&P 500 is hitting resistance at 1950.

Using amazingly accurate technical analysis... It looks like the market could tank in March by comparing it to the 2008 and 2001 dumps. Could the catalyst be a Fed hike around March 20?

I honestly think they are being way too cautious for anything major to happen this year....

That said, I've kept some funds on the side for if it does

 

[debian0001]

Hoping for a crash sooN!

 

[brianmanahan]

Hoping for a crash sooN!

sooN

 

[debian0001]

sooN*

 

[FelixDeCat]

lol

 

[JEDI]

dupe

 

[JEDI]

lol.. Campbell soup down 99% premarket.

.63/share

 

[brianmanahan]

lol.. Campbell soup down 99% premarket.

.63/share

what, where? i don't see that

 

[Charmonium]

what, where? i don't see that

Yahoo finance. Obviously an error.

 

[ponyo]

sooN (SUNE) releases earnings on Monday.

Im long a few hundred shares. Im hoping for $3, fearful of $1.80, current quote $2.26, purchase price $2.27.

You're worried about max couple hundred dollars swing?

 

[Imp]

China down 3.5% just after lunch break. Come on, let's get interesting.

 

[11thHour]

You're worried about max couple hundred dollars swing?

There's something about staring at a price movement so often that can make one fearful of even minimal losses. That's the benefit of diversification...not so much for the smoothing over of a portfolio's volatility, but for the additional distractions.