I believe The Aussie right wing coalition parties never liked the superannuation scheme (I guess like National in NZ was against a superannuation shame and the super fund). Aus Labor is against this move.
they will relent as there people demand money in hard times
Where can intelligent investors hide in a situation like this?
They can hide in companies that have strong balance sheets, less debt, stable cash flows and carrying a respectable dividend yield. Buying them, when they are trading at a fraction of real value is not a bad strategy.
That is very logical and how I thought I could hide.However the market is unpredictable-for instance I thought Oceania down over 50% and meeting those criteria was a good buy.Probably is an even better buy now but still falling.I tell myself next year it will be fine and have regained losses.
Any stock can still fall and as long as you do not have debt -then hiding in such stocks-diversification of course is a good long-term strategy.
Meanwhile cash is clearly king.
I stick to my view equity prices are still overvalued even with 30% falls considering the economic back drop to come. easy 40% fall yet if you look at past crashes
There are other ways to provide support other than allowing the fire-sale withdrawals of superannuation funds and adding to stock selling pressure.
why should they worry about stock prices falling if people get money in there hands. govt doesnt even need to print then just give them some of there savings up front
I see that Wall St is limit down at the moment. Last quote I have is 18,202 18,216.
US stimulus package defeated too. was really only a bailout fund for businesses anyway. so might be super ugly tonight better get my chocolate and level 5 coffee ready
Originally Posted by Bjauck
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