XJO 0.74% 8,285.2 s&p/asx 200

chickenish - friday, page-21

  1. 1,250 Posts.
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    It's this very noise that moves the market not the very thought full and insightful research that you put up.

    Yes these breaks are insignificant (even back above as we saw this morning) but all it's takes is a group of PMs (say with about 60billion FUM) sitting around having a few beers on Friday and one of them says "we've been watching 15000 very closely and are either sellers or sitting to see what happens" it's these kind of noise that makes the markets move.

    The market at the moment is clearly in trouble. When the president of the US goes on national tv and says "wall st be worried" and the market barely moves you know you have an unhealthy market dynamic.

 
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