JSE plummeting

rpm

rpm

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The JSE had dipped below 27 000 this morning – with the All Share index down nearly 3%. Citigroup losses must have send fears throughout world markets, but how low can it go? Recession time??

For those interested: Telkom at R 130.01 per share, just about as low as it has been over the last year.
 
keep your powder dry, these drops present wonderful buying opportunities for med to long term portfolios - bear <pun intendeed> in mind over the next week or two a heck of a lot of US companies are going to be reporting. Don't think it will all be as decent as IBM, so we could fall further. Our saving grace MIGHT be resources coupled with a weaker rand.
 
Cathryn said:
Time to buy! :)
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You sound like a broker :D One would have thought 28 000 was a good time - maybe time to wait for the bleeding to stop first?

Not that I have any shares - bread and milk more important in our household :D
 
If I wasnt at work I would be crying, not only is my portfolio looking bad, I just found out old Trevor Manual wants 4k from me...
 
rpm said:
You sound like a broker :D One would have thought 28 000 was a good time - maybe time to wait for the bleeding to stop first?

Not that I have any shares - bread and milk more important in our household :D
Click to expand...

The bleeding is only just beginning...
 
Just heard on news that British news that London stock market had its worse day since 1935

.... watch this space ...
 
Rather a bad time to be planning what to do with the small fortune sitting in share options, cause the bottom is just about to be kicked out, and there is very little chance of a face saving rally, as the last train has left - but WAIT... there is a torn bit of paper, the first part is missing : but can just make out the end... " ... and thanks for all the fish "
 
DragonLogos said:
Rather a bad time to be planning what to do with the small fortune sitting in share options, cause the bottom is just about to be kicked out, and there is very little chance of a face saving rally, as the last train has left - but WAIT... there is a torn bit of paper, the first part is missing : but can just make out the end... " ... and thanks for all the fish "
Click to expand...

lol.

Ag - I can barely afford toilet paper anymore.
To live in this beautiful country costs too much - and interest rates are due to go up as well this month.

Lets see:
Tax 30% or so
ADT and patrol car - R500 - my taxes seem to be missing the "Security and Protection" coverage
Medical Aid, since the taxes I pay don't include medical care - R2000
Schooling for kids - since, again taxes do not even pay for the text books anymore - where DID my money go??? - R700
Two cars and fuel - since my taxes, again!!, mysteriously did not make it to the public transportation department, R5000
Generator and fuel (still paying off the gennie - and probably going to have to upgrade, but:) R300. Why, somehow my tax money did not quite stretch far enough to cover planning of power needs.


Who has money for shares?
 
SA is at no risk of a recession - maybe US. UK will have a major downturn, but not a recession. US subprime crisis has only just begun now though because the CDS market is taking a turn for the worse as well, which might result in CDS issuers defaulting on their obligations - round 2!
 
Q - what impact on SA do you think a US recession might have?
 
And now there is talks of a stimulus program, with tax rebates and tax breaks for companies, to put money back in the economy and prevent this US economy slow down...

Exactly how long is this going to take to filter through? :rolleyes:
 
My prediction for the ALSI this year is that it goes below 22000.

Many Balanced funds have been selling off equities and buying property / fixed interest for the last few months.
 
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