As the sharemarket is a forecaster and not a lagger, I would consider this not to be a bear rally. Why should Americans be pessimistic anymore? It now costs only $30 to fill up a tank instead of $60. Their home loans have fallen and house prices are much cheaper. Those young couple who were kept out of a home now have real hope to owning their dream home.
The market surprises at the wrong times and usually against media news. It turns down during the hardest of bull runs leaving most stunned and frozen with disbelief. The opposite may well be occurring. Just remember that there always be a pullback.
bear market rally has commenced, page-9
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Last
$4.87 |
Change
-0.050(1.02%) |
Mkt cap ! $3.270B | |||
| Open | High | Low | Value | Volume |
| $4.86 | $4.89 | $4.83 | $2.886M | 593.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2618 | $4.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.87 | 8968 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| DOW (ASX) Chart |