The US Fed meets tonight to make a determination on interest rates. Most analysts have been predicting a pause, so the markets have been buoyant for the last month or so. If the Fed does indeed pause, then we'll see more buoyancy until the next Fed meeting - for obvious reasons. Nevertheless, if tomorrow brings another rise of .25%, then the indices may come under stress.
The latter being great news for the astute traders of PLS amongst us and another opportunity for the long holders to top-up their PLS portfolio. And if there's a pause, then back to $5.60c+ within weeks - in my personal opinion derived from one's own crystal ball, which is still dominated by scantily clad dancing goils to distract one's mind from the job - pretty Sirens all, according to one's imaginative peccadillos. Making of it (said crystal ball) a perilous instrument by which to view the market.
WE LEAVE.........AT DAWN!
Good News & Bad News, page-29746
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Last
$3.13 |
Change
-0.065(2.04%) |
Mkt cap ! $9.395B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.12 | $7.325M | 2.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 195258 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 56074 | 27 |
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| Last trade - 10.52am 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |