"I cant believe what is happening, one good job report and everyone forgets all the troubles in the world"
Aha, you have identified the 'problem'.
That sentence could be re-written as; "Sentiment has turned positive so that bad news is ignored and good news is now very good news."
I'm not at all interested in FMG's daily moves unless there is a catastrophe, so have no comment on your bearish views. But to me at least, there has been a very clear change of sentiment in many areas of the market recently. It is difficut to ignore the American market being at a post-GFC high now. And perilous to do so I would suggest.
shorting fmg, page-15
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Last
$20.32 |
Change
-0.035(0.17%) |
Mkt cap ! $62.68B | |||
| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $65.53M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4003 | $20.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.32 | 9156 | 34 |
View Market Depth
| Last trade - 14.41pm 29/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |