staringclown

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Everything posted by staringclown

  1. Dow now in a bear market. Fear outweighing greed. Leveraged economy now roosting chickens. Dudes fighting over sh*t in the shops. After 12 years of waiting. After the biggest short of them all. What's everybody buying? I've come in far too early with banks. Made some small gambits and lost. My plan is to keep buying on the way down as it ever was. Anyone have a different strategy? Any thoughts on where the bottom is? Any thoughts on the property market? Is this a 'U' or a 'V'? The irony is that when this forum finally ran down and the last bear gave up, the black swan appeared. You may have been right bears, but timing is everything. Now is your time.
  2. That's a bold call Mr M. I disagree though Trump was an unknown quantity with independent voters last time. This time he is loved by his base. But only his base. It is not enough to get him over the line. I know the polls were wrong last time, but this time even his fellow Republicans say he can't win if he doesn't change course. I don't believe he's capable of changing course.
  3. Yeah - I didn't go to the protests either. My sense of self preservation is far too keen (AKA I'm a coward :-) By God, that rally of Trumps in Tulsa was hilarious though. I'm not the only coward by the looks. I was waiting for the Trump twitter meltdown. It hasn't arrived - yet.
  4. The protests are a genuine conundrum. The needs of the many versus the needs of the few type argument. In the midst on a pandemic you are faced with a decision to protest against a clear murder. It's been happening for centuries - but for the first time there's video evidence. Recorded on video. Irrefutable evidence. You are massively angry. You protest and spread the lurgy and kill more people than you save via police brutality for X period of time. Have you won? I'm arguing yes - because long term you change the system you save lives - short term you are an arsehole. Thoughts?
  5. There's a lot of that attitude happening here as well. It's only human nature I suppose. I went into work last week for a meeting and it is difficult to maintain the distance and no-one is wearing masks here. Three guys hunched around a laptop is the way collaboration works. Poland seems like a safer place to be than Canada. But you would have NZ privileges? I'm in the group that can continue to work from home - hopefully on a permanent basis. If so, I might look at bailing from Canberra all together and moving to the coast.
  6. Some reality hitting markets at last. Apparently the number of new trading accounts both here and in the US has gone through the roof. A bunch of newbs expecting to get rich quick. John Alexander wants to raid super to support high property prices. Saving doesn’t make sense anymore, we’ve hit the wall with credit - where can we get the next sugar hit? Use super to offset mortgages': Liberal MP calls for housing changes
  7. The numbers are starting to come in. Florida and Texas report record high daily cases
  8. Bought time I say. Music being one of the three great pleasures in life. So I'll kick off, My likes are extensive. Started liking punk (pistols, skids, iggy pop, public image ltd, joy division) graduated to manchester beat (stone roses, insiral carpets, blur, smiths, the the, ride) and then everything jazz classical, opera, techno. Australian music (chris wilson, paul kelly, deb conway (including do re mi), go-betweens, necks, nick cave, dirty three, john butler,saints, ed kuepper) eclectic (squarepusher, orbital, art of noise, ) heavy side ( alice in chains, metallica, Anyway point is most things besides gangsta rap and recent r & b. but do lie grand master flash, spearhead, massive attack, disposable heroes of hypocrisy and the like. Play: bagpipes First concert: Kevin Borich express and Mi-sex Glen hotel eight mile plains First album: the cure seventeen seconds.
  9. No mosh pits for a while - which spoils the atmosphere at most gigs. NZ (when they let us in) have no restrictions now so you may be able to visit for their summer festivals.
  10. It's hard to get a grasp on how much opposition the riots are fomenting with the swinging voters from here. I did enjoy Trudeau's minutes silence. Polls seem to indicate that Trump is going to lose - but are the votes in the right states for the electoral college numbers? Plus Trump is going to pull out all of the stops - he won't go easily. The only good sign is the military seem to be distancing themselves from him.
  11. Thanks for the reply Swaize. I don't think I was entirely clear in my initial post RE Aussie banks though. I actually went long back in March when they started tanking. I went a little bit early but ended up with a fair spread across the period. They're currently up ~20% on what I paid. I don't know if it will last - bad debts have been factored in to some extent but it is still a big unknown how many will default. Defaults have been kicked down the road by government wage subsidies. We'll start to see in September how bad it will be. Also what impact is felt from Europe and the states. The expectation was also that whenever housing looks in trouble here the government rides to the rescue. Predictably, they have done exactly that to the tune of ~AUD750M. To me the scheme is not that well targeted and I think they will extend it eventually. I think a bigger concern will be our relationship with China. They are punishing us for speaking up about an enquiry into the virus. It doesn't look likely they can source iron ore anywhere else - Brazil has a massive dose of the dreaded lurgy. Other commodities might suffer until we've learned our lesson.
  12. Went to a pub in Canberra on Saturday night. 20 people per area was the law. We had 40. Social distancing was for other people. One fire lit inside and the other out. It was freezing so folks just gathered. Though fair enough this was pissed people. It's how I expect the laws will be respected at work. There's going to be the insistent that have to be at a meeting and violate the lift recommendations. Others who are just stupid. It's going to be a sh*t fight.
  13. It does make you question how bad the forecasted economic downturn will actually be? The debt has been ratcheted up for sure - but given the 60 billion underspend maybe it's a V rather than a U after all? If the rally in banks shares this week is indicative then maybe.
  14. I wonder if anyone has pointed out that being fat isn't contagious. Let alone that it seems to be a merkin' birth right. The bit about the preppers is hilarious. Contrarians no doubt.
  15. Prediction: Queue the revisionists that knew way back when that the country should never have gone into lockdown. That the damage to the economy is due to a lefty conspiracy to achieve one world government. It's time to free the country! They are coming very soon. Once they have opened their own bunkers and ensured their own safety - they will be letting you know what's what.
  16. Did he do it in his usual bored monotone? He's usually pissed off when he can't unload on some poor bastard.
  17. You won't get help during a bushfire. But a housing crisis - watch the manna rain down from the heavens...
  18. If he is actually taking it? I doubt it. He has bought some stocks and hopes to make a profit. Probably. People are now wargaming the options that this creature has for disrupting the elections if it looks like he's going to lose. Refuse to hand over power - delegitimise the results Call a state of emergency to prevent polling booths opening in inner city areas of swing states due to the second wave of infections Postpone or cancel the election Something else He is already threatening to withhold federal funding to states which expand postal voting! This sort of conspiracy used to be outside of my own credulity. It couldn't happen. Until it could.
  19. Bingo! Faced with an appalling US coronavirus death toll, the right denies the figures
  20. Dire predictions from CBA under a worst case scenario. 30 percent drop in house prices I always wonder whether these articles a more of a call to government for an assistance package than anything else?
  21. I’d have to have a wok. It steams, bbqs, fry’s, deep fry’s and if you strap it to your back it acts as a shield. If David Carradine didn’t carry one he should have.
  22. There's now loads of talk about a reopening of everything. My own workplace has just spent a fortune on a complete office refurbishment. The whole refurb was to encourage hot desking and limiting the work space to a much smaller footprint in cube world than I currently enjoy. Smaller desks, smaller cubes. More open plan. No blame attached. This design was in play way before this malarky. But it does pose an extra challenge in terms of returning to "work from work". There's no way that everybody can go back at once. Even queues for the lifts would expose weaknesses in the whole social distancing requirements. At some point though - the leap has to be made. I guess we're in a better position than the US as the hiatus has been used to strengthen the ICU responses and other sensible measures. All around me people seem to be accepting of this. Personally, I never want to go back. I think I get more done at home.
  23. Too easy. Just claim the deaths are fake news.
  24. Vale - Millie Small