The rising XJO indicates that there is too much cash sloshing about. XJO just keeps going up. A lot of people must be expecting a rate cut soon. It looks irrational to me, there are safer returns in cash deposits. It looks as irrational as a rate cut soon.
Companies starting to fail? Some companies may fail but this won't stop inflation. Inflation is now evident in the prices of shares, prices just keep going up.
It's like watching a huge storm cloud growing and growing, but the thunder and rain just refuse to start.
29/01 Indices, page-38
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |