STO 0.45% $6.70 santos limited

China Interest rate cut finally, page-14

  1. 9,821 Posts.
    lightbulb Created with Sketch. 3497
    lols
    srsly
    lols

    not only do china rate cuts do nothing for aussie stocks generally - there having already been 4 in past 8 months - but you're in a market of collapsing oil price and stock price.

    the only thing likely to be big enough to reverse momentum of the trend would be another 2009 style chinese stimulus package where they spend 500 billion on new infrastructure - but im not convinced even that would work - as everyone would realise it wasnt really going to add to productivity

    china gdp this time isnt being slowed by infrastructure constraint - its being slowed by slower economic activity

    until the US markets have bottomed - not likely before November I would say - green days are generally just going to be opportunities to get out of a losing trade

    this isnt about sto anymore. it just made itself the lead ship charging off the edge of the financial market earth
    Last edited by goldbear77: 26/08/15
 
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