The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Moonraker on February 20, 2016, 04:48:49 pm
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'Look out, we are heading for a crash again', warns William White, the central banker who predicted 2008 crisis (http://www.thisismoney.co.uk/money/news/article-3445861/Look-heading-crash-warns-William-White-central-banker-predicted-2008-crisis.html#)
Ja boet, ons moet versigtig wees.
Edit:
Terloops, wat is die persentasie kontant in julle portefeuljes ?
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less than 5% - cash :wall:
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Practically nothing. The only cash I have is what I keep in my bank account for living costs, the rest gets put into my brokerage and invested pretty much instantly.
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Almost nothing. Only cash I keep is for debit orders and a very small emergency fund atm (which I need to rectify). If there is an emergency I have got a very large credit and budget facility on my credit card (and pre approved loans I can take) while I free up some funds.
Probably not the wisest way to go about things, but hey, if the cash is "not available" it cannot be spent or used as a deposit on something in the spur of the moment.
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About 23%
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Only on Youtube. The comet hitting earth did not happen so they had to think of a new scare mongering topic and chose the markets.
The USD was supposed to crash and gold to go to infinity in USD terms by yesterday. Did not happen.
The financial powers that be have learned from past experience with every market crash and have placed preventive measures for a repeat.
At this stage there are no similarities to any previous market crashes. This negativity is always rife when we have a normal correction and we will always panic and call "crash" over and over into eternity every time we have a normal correction.
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If you look at these charts there seems to be some similarities.
Can read more about it here:
http://www.businessinsider.com/risk-of-a-stock-market-crash-2016-2
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Well....by those charts we'll have our crash within days
Budget Speech? :p
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The general market is always correct although it overdoes the tops and bottoms.
Why is the ZAR strengthening on a daily basis? Is it not pricing in the budget speech? Gordhan is not a fool that will bow to the ANC's big wigs.
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Yes maybe, but the gov. will need to walk the walk - otherwise as in the past (also when PG was Fin. Min.) it's only talk.
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aND As GOOd As He IS, he STILl WOrks FOR THE AnC......
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aND As GOOd As He IS, he STILl WOrks FOR THE AnC......
But....Zuma, as I said in an earlier post, has given Gordhan more muscle now than he had before and he, Gordhan is now the most powerful man in SA. He knows it and so does Zuma.
Moneyweb must have read my post and echoed the same the very next day. :LHST:
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Why is the ZAR strengthening on a daily basis? Is it not pricing in the budget speech? Gordhan is not a fool that will bow to the ANC's big wigs.
The rand is an emerging market currency and tracks the strength of other emerging market currencies. If you plot for example the Brazilian real VS USD and ZAR vs USD the plots look almost exactly the same.
People get depressed when the rand "weakens" and blame the government, but in reality the Rand is just moving in tandem with other emerging market currencies which are influenced by global trends.
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MoneyChief no speak with forked tongue ..
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Seems that on this thread many share the doom and gloom scenario, which may be a bit premature. Gordhan needs to demonstrate intent tomorrow, but verbalizing it won't work (government is pretty good at telling everybody what they intend doing but never deliver), he has to set milestones and deadlines otherwise we will be downgraded to junk. The anomalies in the pack of cards are Cosatu which is a spent force, the government needs to call their bluff, and tell them to go away - the trade union movement is so split at present that it is an ideal time for government to move on labour issues. Cosatu are saying no sale of government/state entities, no increase in VAT and no e-tolls, if government panders to their demands we will put the country into recession. I certainly fervently wish that Cosatu decide to break away form the ruling party at the next general elections and try and run as an independent party - but sadly they won't do that as they are aware that they will fail to garner votes.
I hold a contrary view I believe that the government is patently aware that if they don't support business, and don't create jobs within the next 2 years they will be out of favour and will not be the ruling party at the next elections, and that we will have a hung government - which in itself will be a disaster as we will then have a 3 way tug of war and very little will be achieved by the coalition
The yanks are of the belief that their market will rally and do exceedingly well over the next 4 years, and I tend to believe them - the USA economy is a mature economy, the Chinese is a growing economy but no match for the USA, and they are trying to grow consumerism which is normally a failure, as manufacturing and industry grow an economy, which is not the case in China.
In SA our savior is not going to be through resources as they would does not need our resources - sufficient has been stockpiled since 2007 worldwide, however there is massive opportunities for manufacture and industry in this country, but we need to start ignoring our BRICS partners and start concentrating on Europe, Asia, and USA, this should ultimately strengthen the Rand
So for RSA to become successfully we need to limit government interventions, sell some state assets or create partnerships, ramp up exports, limit bureaucracy, and get labour to toe the line on ridiculous wages and wage demands
There I've said it
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STXIND currently at price it was a year ago. Looks like now's the time to pile in and start picking up stock at discounted prices.
SUI at half the price it was a year ago. Only know this because I received an email from SBSA OST this morning of which Stuart Thompson will be hosting a webinar on Friday morning about it.
Surely this is the time to be finding gems at discounted prices for the long term?
What methods does one use to find discounted stock in these times?
As the saying goes when there's blood on the streets...