XJO 0.28% 7,739.9 s&p/asx 200

Very true, JD.I see nothing anywhere which warrants a crash....

  1. 7,728 Posts.
    Very true, JD.
    I see nothing anywhere which warrants a crash.

    Even for fundamentalists, US GDP at 3.2% in my "amateur economist" view is excellent.

    Even the Ford profit, though down, is good and puts the company on a good footing with the repayment of its debt which saves $1 billion per annum in interest.

    But all that aside....just look at the US charts. 9 weeks up, way overbought on daily, weekly and monthly time frames....

    Vix double-bottomed with its April 2010 low...

    overdue for a pullback.

    News events may cause price spikes...but things settle down quickly and on we go.
 
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