Thread: share market crash

Nope, I don't dabble in shares. Market fluctuations like this make me glad to invest in real estate .

Mate of mine had 400k invested in MFS

went from $6 to $0.70 in 2 days and he had to sell at $0.90c

now has nothing.. poor bugger

But thats how it goes I guess

at that price, it would have been better to hang on to them.

This is partly a correction of the huge growth last year (over valuation?) and tremors from the US economy. the US will recover and so will the market (but maybe not with the enthusiasm we saw last year. hold tight.

The writing has been on the wall for well over 6 months. As far as being at close to the bottom - the bottom of this is 6 months away at least. There will be little rallies here and there but ultimately it will continue heading down down down. The US economy is in tatters and not just because of the mortgage crisis. The US war on anyone who is different/terror is bankrupting the country. The 'greatest civilisation' in the world is on the verge of collapse as everything about their lifestyle and economy is unsustainable.

I have been predicting this for nearly 2 years and unfortunately I have been right every step of the way.

Originally Posted by mns488

couldn't see any other threads about this...

anyone got any shares left that is???

The market is down (all ords) 5% today alone and on the back of losses over the last 11 or 12 days is the worst since along long time ago!!!

my portfolio got smashed, down 22% since 2 weeks ago.

But i have been buying a lots bargains to hedge my un realised losses, might not be the bottom - but has to be close.

great prices CBA $49, RIO $104, BHP $31

past experience indicates that it WILL bottom out

this maybe it or it could go another few%

in any case, a good time to do some BUY! BUY! (now wait for someone to make a joke about $ bye bye ) but not a good time to BORROW! BORROW! - in other words do it with your own money, not margins.

Guy at work has been prophesying this for as long as I have worked with him. Guess he had to be right eventually

Originally Posted by Camo

Mate of mine had 400k invested in MFS

went from $6 to $0.70 in 2 days and he had to sell at $0.90c

now has nothing.. poor bugger

But thats how it goes I guess

Question
Why did he have to sell . Why not sit out and wait for them to go back up again
People like him just send the price dwon even more

Originally Posted by disco2hse

Guy at work has been prophesying this for as long as I have worked with him. Guess he had to be right eventually