Morning all. I don't want to get into an argument with HLL but with the DOW down 800pts and the S&P down equivalent near 1000pts I can't see that it will be a steady start on the ASX.
I know commodities are high but peeps will be looking for coys that are actually selling product. Explorers are gonna be years away from production and sales.
Another thing is that peeps who have taken losses on poor stocks will sell their winners to get cash back. So even gold and oil stocks will be sold. Where it ends up is hard to say.
Have to say that from my 'reading' the war doesn't look great for Putin. It will probs turn out bad for everyone but hard to see him getting any support. The Russian soldiers appear to be made up of loads of young conscripts who won't last long. 'People' support is growing in Europe and Russia even if pollies are more worried about economic effects of the oil/gas price surge. And surely the yanks are seeing this as an opportunity to weaken Russia?
Haha. But I won't be basing any trades on that previous para. Just wishful thinking maybe.
