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Greek crisis and share market

Discussion in 'Other Asset Classes' started by Tillie, 1st Jul, 2015.

  1. Tillie

    Tillie Well-Known Member

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    Anyone considering buying shares right now after Greeks spooked the market?
     
  2. Heinz57

    Heinz57 Well-Known Member

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    I buy shares every week
     
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  3. willair

    willair Well-Known Member Premium Member

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  4. The Falcon

    The Falcon Well-Known Member

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    For buy and hold investors waiting until there is "certainty" and the market is at all time highs to pile in is a predictable route to below average performance.

    So yeah, I'll be adding some limit orders this morning.
     
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  5. KDP

    KDP Well-Known Member

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    I bought some yesterday, long term hold for me so don't really care what it does.
     
  6. radson

    radson Well-Known Member

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    Yeah I like buying in the dips. Will certainly top up IEU at least.
     
  7. bythebay

    bythebay Well-Known Member

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    Most of that debt is carried by IMF not private banks.
    impact on global banking system will be minimal
    Aus market should not be significantly affected other than some short term volatility

    I think it was good play to have gotten in when it opened red
     
  8. Fargo

    Fargo Well-Known Member

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    Nearly always have some limit orders on.
     
  9. KDP

    KDP Well-Known Member

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    I think the situation with China and their stock market at the moment is much more important than what happens in Greece.
     
  10. CatCafe

    CatCafe Well-Known Member

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    currently watching the index take a nosedive

    might put in a limit order
     
  11. Chilliblue

    Chilliblue Well-Known Member

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    Also watching the market
     
  12. Tillie

    Tillie Well-Known Member

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    Might be understatement but market has been extremely volatile in last 7 days. Anyone wants to bet? What' s going to happen tomorrow?
     
  13. Jingo

    Jingo Well-Known Member

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    I've been dollar cost averaging in over the past week. I'm buying for the long term, so not too worried if I'm underwater in the short term and welcome the volatility so I can buy more.
     
  14. The Falcon

    The Falcon Well-Known Member

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    Yes. I am certain it will either go up, or go down.

    :)
     
  15. KDP

    KDP Well-Known Member

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    Or stay flat or do any/all combinations of these things.
     
  16. joel

    joel Well-Known Member

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    I'm surprised/annoyed that gold hasn't gone up more.
     
  17. JDP1

    JDP1 Well-Known Member

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    Even if it does, the dollar will likely depreciate against usd, so your gains won't be much...unless you have a gold ETF in usd, gold miners company shares, or just a ****load of the yellow stuff.
     
  18. joel

    joel Well-Known Member

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    Got shares in a good good miner. If gold would go up in USD I would be so happy. Also my toilet is made of gold
     
  19. Redwing

    Redwing Well-Known Member

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    Why weekly Heinz, day trading or....?
     
  20. radson

    radson Well-Known Member

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    My fears have been allayed by the Economist

    Lost in all the drama about the stockmarket is that it still plays a surprisingly small role in China. The free-float value of Chinese markets—the amount available for trading—is just about a third of GDP, compared with more than 100% in developed economies. Less than 15% of household financial assets are invested in the stockmarket: which is why soaring shares did little to boost consumption and crashing prices will do little to hurt it. Many stocks were bought on debt, and the unwinding of these loans helps explain why the government has been unable to stop the rout. But this financing is not a systemic risk; it is just about 1.5% of total assets in the banking system.