Thread: Market Crash on the way or all okay?

Does anyone think we are set for another drop in markets this week? Asian markets are already dropping. There doesn't appear to be much positive news. Plus people might want to cash out prior to the US election just to be safe. I say today is going to be interesting especially in the US.

The "markets" have given you answers.

On a day of supposed celebrations, the financial markets cratering there are a couple of companies still growing.

US Overnight Futures Are Fading As Boehner's 'Plan B' Vote Is Up In The Air - Business Insider

UPDATE (8:52PM ET):
Futures are off of there lows. But they're still low.
Dow futures are down 182 points, and S&P futures are down 19 points.




Premarket Stock Trading - CNNMoney

Originally Posted by Bung

I have never traded in shares in my life.

so don't do it, 99% of individual investors will lose money in the Stock market as they lack the tools, data and the discipline to follow smart trading strategies

buy a cheap property if you can find one,

or do like everyone else with no clue, buy Gold

Thanks for your frank answer. I feel that not having any experience in the stock market would exclude me somewhat from trading unless I start learning it first. Or pay someone to do it for me which seems foolish also.

So I am left with real estate? Another aspect I am interested in is the fact it gives me and escape route plan B if I need it.

Am I missing something?

Sorry, I am probably hijacking the thread....

Just curious about what an experienced investor would do in my case.

As an average Joe, looking at it. I would think Australia will always feel pressure on the land as it is an attractive country for immigration. Right now though isn't the mining industry in a slump? Anyways, as they say 'Land, they aren't making anymore of that.'


Not sure about stocks or gold these days. Some positivity and some negativity. I know little about Australia's situation.

Jeff Gundlach's Bloomberg Interview - Business Insider

Still looks like shares in the US might get hit today. Are markets open Monday?

I spent many years playing the market. Reasonably successfully.

I stopped a long time ago. Currently I'm broke, but that is as a result of my personality and has nothing to do with my trading.

I would again caution about the markets. Short term it'll go up and down. Call it at your own peril.

2008 was a game changer. Much has been done to bring things back onto the old rails, but it's not working. The EU is buying it's own debt, the Americans are desperately doing the only thing they seem to know in trying to solve their ridiculous debt problem, shop. China is teetering on the edge.

Iv'e always said that in 2008 we fell off a cliff, only to land on a ledge and that we are going to roll off that ledge.



I'm convinced we are heading for phase 2, much bigger than phase 1.

Which is why I've spent every bit of time and energy I had over the past 3 years working on something to ensure my wife and daughters future.


I've never been a 'the end is nigh' kinda guy. But look at the whole picture and ask yourself how the fuck is anybody gonna put Humpty together again.

You depress me but deep inside I feel the same about things. It's hard to believe in anything good happening these days. Crash or not though people still need food, shelter and clothing.

^They do. But for that they need money and for that they need jobs. If they ain't got those jobs they can't buy Apple's shit, and the spiral accelerates. It's the madness of the super-consumer economy. It's a bubble that had to burst.

I'm not arguing with that. I'm just saying in the end some things will survive. I expect the whole IT thing to crash anyways. I don't expect to see myself screwing around online as much as I do now. A lot of people are experiencing burnout from using computers, the internet and all the communications crap. It's addictive and many people want to escape from sitting in front of electronic screens. Addiction isn't always easy to break free from but with electronics if you can get rid of the electronics you can get free. Nature is the future.

Originally Posted by Imminent

I'm not arguing with that. I'm just saying in the end some things will survive. I expect the whole IT thing to crash anyways. I don't expect to see myself screwing around online as much as I do now. A lot of people are experiencing burnout from using computers, the internet and all the communications crap. It's addictive and many people want to escape from sitting in front of electronic screens. Addiction isn't always easy to break free from but with electronics if you can get rid of the electronics you can get free. Nature is the future.

We have become so wound up that we can't spend any amount of time without our toys, which aren't toys anymore but 'necessities'. In doing so we simply do not have the time to assimilate the bigger picture and wtf we are doing in this mess we call the modern world.

When the power went out here a while ago I went fukkin nuts.

That said I'm not a survivalist. Love nature, being from Africa I miss space and quiet. But I also like communicating, exchanging ideas and lots of females.


Thing about the world economy that gets me is that everybody bought into what is essentially a giant ponzi scheme, and now it's collapsing. I've never been a consumer, have little need to own stuff and have no respect for money, when I had it and when not.


It pisses me off that nobody seems to be able to see anything of note anymore, just the immediate crap they've been indoctrinated to salivate over. Can't remember it being like this when I was young. These days everybody seems to have chosen to be a moron.

I suppose I gotta say: Rant over.

Originally Posted by FlyFree

Iv'e always said that in 2008 we fell off a cliff, only to land on a ledge and that we are going to roll off that ledge.

That's my read too. Scary how so many people will continue too see the rainbow and chase it.

Some Teakdoor members seem to like this man, others don't but thought this was a worthwhile contribution to the discussion.

GLOBAL ECONOMIC COLLAPSE: Marc Faber - "Prepare For A Massive Market Meltdown"?!

Originally Posted by Bung

Question. I have a sizable amount of USD paid to me in a compensation claim and for the past few months I have been trying to think what to do with it. It is just sitting in the bank at the moment.

I'm very wary of investing in stocks because I have no idea about it.

I have been looking at buying a rental property in Perth or Broome in Western Australia as that is where I am from originally and the market seems to be picking up. I am hoping the rent will pretty much cover my cost of living here. I see I can get around 5% in Perth or 6% in Broome return. (I am interested in Broome as there is a huge gas field project there awaiting federal approval, I think it will happen)

Would I be better off in shares?

To me it seems getting monthly rental payments and the prospect of capital gains is the better option.

I have never traded in shares in my life.

Any thoughts welcome. I am tired of thinking about what to do.

Many people are predicting that Aus is teetering on the edge of a property crash. I'd wait and buy after the crash. I'm sure having the money sitting in the bank for a year or two to see what happens is probably the safest option and therefore what will give you the biggest return in the long term.

Or you can be an idiot and buy gold like I did today.

Originally Posted by BobR

Some Teakdoor members seem to like this man, others don't but thought this was a worthwhile contribution to the discussion.

GLOBAL ECONOMIC COLLAPSE: Marc Faber - "Prepare For A Massive Market Meltdown"?!

I used to like this guy more. I'm not sure if I believe him as much. He never gives clear answer. How long as he been saying the world is collapsing? I don't doubt there are serious issues out there but I just am starting to think this guy is just another guy out there without any breakthrough information.

Originally Posted by Imminent

I used to like this guy more. I'm not sure if I believe him as much. He never gives clear answer

I think he is mad, he is basically a journalist selling stories

Originally Posted by Marmite the Dog

Or you can be an idiot and buy gold like I did today.

It's getting pretty bad now, but hold your nerve Utopia, for some, is coming. Hallelujah!

Been reading up on this and if the US and abama had not come up with that plan no matter what it is were were all fooked .

Originally Posted by Bung

I have been looking at buying a rental property in Perth as that is where I am from originally and the market seems to be picking up. I am hoping the rent will pretty much cover my cost of living here. I see I can get around 5% in Perth

To me it seems getting monthly rental payments and the prospect of capital gains is the better option.

Any thoughts welcome.

Property prices in Perth have slowed down some what and many people are getting back in the market before they go again.

Because of the resources boom many people making big money have forced house prices up quickly.

Rents have sky rocketed in the last 12 months and many people are doing it hard.

A two bedroom unit in a reasonable area brings $400 plus K easy and one must go live in a shit area to get anything cheaply.

Rents on a 400k 2 bedroom unit bring 400 bucks minimum a week and there is a large shortage of rentals.

Sling it to an agent and they charge 10% to manage it. Tax deduction there.

Can do a lot worse than safely investing your money in Perth real estate especially if its a compo wind fall. Don't want to risk that do you.

A well placed unit will hold its value even when real estate prices slump as they did in the last few years.

My unit has gone from 180 K 8 years ago to 420 K to day.

I'll be renting out when I retire.

I recently took some big stock profits and went largely to cash. Too old to experience a deep drop in value.