Could this be a speed bump to the US markets? - from CNBC
"GDP Shows Surprise Drop for US in Fourth Quarter"
"The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus."
http://www.cnbc.com/id/100419252
I suppose the figure could be revised up later on.
The USD POG perked up to $1682, a $20 rise. GDX, HUI and GDXJ are currently all up over 1%.
Yesterday some of the talking heads on CNBC (Doug Kass and Marc Faber) expected a correction soon due to the over-bought market and stretched valuations. Most of them only expect a 5% or so pullback.
Between the shouting and arguments, here is some discussion on that GDP figure for Dec 2012 from CNBC
http://video.cnbc.com/gallery/?play=1&video=3000144692
CNBC also ran a story on Oz being due for a correction - first time I have seen them providing such a report - Roger Montgomery and some other hold that view
"Australia Stocks at 21-Month High, but Brace for Correction"
http://www.cnbc.com/id/100418357
A balanced rehash of some of the issues facing the US economy by Prof Feldstein - CNBC video. Also some interesting introductory views on the effectiveness of the Fed's policies
http://video.cnbc.com/gallery/?play=1&video=3000143871
Given that most of the rise in the US sharemarket during the last 6 months has been due to PE multiple expansion, a pricking of investor sentiment has the potential to quickly reduce that expansion and hence result in a fall in the sharemarket.
loki
- Forums
- ASX - By Stock
- XJO
- wednesday, the day no one wants
wednesday, the day no one wants, page-66
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,738.2 |
Change
57.600(0.75%) |
Mkt cap ! n/a |
Open | High | Low |
7,680.6 | 7,738.2 | 7,643.3 |
Featured News
XJO (ASX) Chart |