yellowcake, I hope you are right. I am loking for a MAJOR fall in October instead. This market survived March and April which to me says something. We are getting closer to end of financial year and then the next reporting sesson will come up shortly.
I really hope for an exuberant run-up into late September. Could be a once in a lifetime opportunity to trade a crash.
From these levels I don't think the markets can crash.
The danger signs are very much there though. Rising inflation, rising commodity prices, rising bond yields. Dow Jones starting to wake up but it might rebound yet and it might take higher yields and commodity prices to really kill it all off.
The US economy is everything. USA has been fuelling the growth in China which has been fuelling the growth here. If USA slows commodities will get HAMMERED.
When USA sneezes everyone else catches a cold. And NO, things are *not* different this time. Never will be different. Basic economy will always rule
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |