ASX Market Crash January 2008

January 22, 2008
All Ords Longterm Trends in 2008
Uploaded with plasq‘s Skitch!

Today the Australian markets have had a serious downturn, will this be known as the crash of 2008 or just the start of the crash of 2008? Take a look at the graph and see what you think … the All Ords closed today at 5222.

Mark Pesce asked on Twitter today about a longterm trendline for the ASX, not having one to hand I thought I’d give Skitch a workout and make my own. Too easy!

Then I got interested – going on rough trendlines since 1985 our market could drop another 1,000 points and still be inside the trendlines!

I would prefer to go back further than 1985, and also to see the graphs of PE ratios inflation adjusted that Robert Shiller published in his book Irrational Exuberance. That is a must read for anyone interested in financial markets, most especially when we have events like these.

Today’s Tweets

January 22, 2008
  • 10:32 morning tweeps! I see @eskimo_sparky and @gregdwyer are trying to tease us all. Won’t work 🙂 #
  • 14:58 @agronaught crikey, only 2 sleeps? We’ll be sending good vibes your way for the next few days 🙂 #
  • 15:10 About to try the Firefox Environment Backup Extension <> to see if it helps when moving to a new machine #
  • 16:26 @NickHodge err, BarCamp??? #
  • 16:29 @NickHodge Aha. Noice. I’d be in too. Actually it sounds like a pub crawl 🙂 #
  • 16:31 @eskimo_sparky or wtfCamp … you’re right, we need a name and then a t-shirt stat! #
  • 17:19 @Just_K that’s the spirit! Now get a nice Pina Colada delivered and all will be well. (Remember the sunblock too!) #
  • 17:32 #
  • 18:33 right, booked tix for grandma to take the kids to see the water horse tomorrow. now I can go home. #
  • 18:50 argh! can’t leave because there’s 2 cars parking me in and the back one’s owner has lost her keys. #
  • 18:52 @grum R’n’B is probably why you don’t want to see the new chipmunks #
  • 18:54 @colinwilson tweet of the day! and it has been a good day 🙂 #
  • 19:06 keys found – exodus begins 🙂 #
  • 19:27 driving past the Sydney Superdome to see who’s going to watch Bon Jovi this decade… #
  • 19:36 poor show Sydney – no big hair for Bon Jovi? #
  • 21:11 late night shopping – Coles don’t seem to have the recycled newspaper kitty litter for our rats’ new cage. Woolworths next. #

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