its heading for 6000 again.
rate cut already factored into market, it means didly squat technically and fundamentally. one little rate cut now will do nothing for the current economy in the usa.
rate cut isn't even a certainty yet. i think the markets will go sideways and maybe slide down after the rate decision, regardless of decison.
a full 1% rate cut would really be required to have any kind of impact on the usa, and that WON'T be happening. and even if it does, inflation will then become an issue so any rally again will be short lived.
there is really nothing currently that can be done to sustain an extended bull run, we're at the top of the boom - all the indicators suggest it.
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Last
8,553.4 |
Change
-76.900(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |