Crazypunter, what I have learned from trading the markets of any kind is that there is no such thing as price is too low or too high. The market can get into these extreme exuberance a lot longer that I have enough capital or emotional fortitude. This time around it is not just the over stocking of IO at the ports and the Chinese are de-stocking before coming back.
The infant evidence of a property correction in China together with a rush to chase yields of any kind in US should be respected for what it is and not to be disregarded as 'noises' from the market.
basic economics and foresight, page-20
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |