LOLOLOL Clark Kent, my thoughts exactly.
Looks like it was a shake out Farsight. I can see traders getting bullish on the US floor despite bad data on home prices.
Everybody's just looking for a way to get into the market long and get out of bad shorts (remember lycra?). The spin on the home price data is "this must be the bottom, and anyway, houses are now cheaper so this is disinflationary". Bears just know they can't push it down any further imo and are switching sides at the bottom of the trading range, like some on the thread here.
Crikey, what a short depression! I remember the good 'ol days when a depression used to last a decade, not hours! They don't make 'em like they used to.
LOLOLOL Clark Kent, my thoughts exactly. Looks like it was a...
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Last
7,971.1 |
Change
105.600(1.34%) |
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| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |