thats the mentality behind this afternoons rally. its the last day of trading for the asx200 for the week, we are all excited, so buy bhp and the banks. friday will be a low volume day. this mentality is that of primary school age kids, not grown men. always remember one thing, those in the know know that there is something wrong with the markets as they stand right now. they have been out of control for a decade or so now. the german market is up 15% this year and america has had its best start in fifteen years. all in the face of a possible european led global recession. i personally believe things arent going to ever get much better but if we are lucky we may bounce along the bottom. if per chance things do improve, the out of control markets will send the aussie dollar to 1.20 to 1.30 and destroy the australian tourist industry and many others. not mining of course. the jpy will takeoff and the japanese economy could be crippled. the japanese and aussies will have to peg there currencies like the swiss just have. a one world currency will follow. one of the french presidential candidates was spot on. he sees the financial markets as the enemy and he is going to attack them. the financial markets wont give him any money so he wont be president so the french financial system, which is being run by criminals will continue as is. nothing has changed from the 2008 gfc. thats the problem.
