interesting that miners and banks and the leaders in the bulls run are being sold today... both of which are sensible imo .. but whats holding the market up? we're back to the old liquidity story... leveraged positions get squeezed when liquidity is reduced... higher interest rates dampen growth ... more rises to come almost certain... current rates equivelant to about 20% 15 years ago.. profits squeeze ahead even tho this reporting season might be ok.. look at whats happened to rio today after a fantastic result... us dollar about to tank with even central banks ditching it sorry diversifying .. yet the market is still holding...?? some people desperately throwing money at this dog imo..
rba monetray policy statement, page-3
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7,921.3 |
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| XJO (ASX) Chart |