Dow up, metals down! Can't win, so far as I can see.
I would like to walk away for six months and then look at the market.
Charlie Aitken's contribution to Alan Kohler's latest Eureka Report is now claiming the brave will be rewarded = those who buy now. He thinks the div payout to be announced in a few weeks (August) by CBA and five days later BHP's payout, will be a bellweather for other companies and possibly the turning point for a bit of sense to come back into the market and fundamentals will be considered by buyers over sentiment. He said market is down to the floorboards and value/dividends will begin to come back into play. He even says he hopes BHP is reading his article and will respond appropriately because the whole share market is depending on BHP (paraphrasing here a bit).
And if true, not before time imho.
OXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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