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Nanood

7,791 Posts.

105

03/03/20

18:50

Post #: 43286094
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Originally posted by F01: ↑

Big move up in the DOW last night, but US bond returns still dropping. And the bond market as you know is big. Was it a fake move? A sucker rally?

RBA dropped the rate. I think it was too early. Mrs Market went meh. It actually dropped a little after the announcement. Maybe it was brought down by the banks. I took the opportunity to buy some BBOZ; 10k at around 10.03.

The big four banks passed on the rate cut faster than I have ever seen before. If that doesn’t make you nervous, I don’t know what does......

Let’s see what Mrs Market does overnight. Never a dull moment! How are you going?

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all good buddy. I didn’t think they drop it but whatever it’s done and quickly so let’s move on. Coles doing well and stuff is getting cleaned off shelves. Will add to the bottom line definitely. Sitting and waiting!
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