I watched channel 9 announcer Michael Pascoe explain that this was all due to Bargain Hunters.So is he saying that the rise is not real.These buyers are misguided.This is an illusion.
On the other hand , when the markets fell a similar amount last week the same announcer accentuated how many TRILLIONS were wiped from World markets.This was reality.
How many of us are guilty of this.
We delight in the destruction of the savings of the prudent.Some even help by short selling, creating our own wealth by destroying the wealth of others.We hope the financial system will fall into chaos so long as we are the only beneficary.And we refuse to accept that order will return.
Markets go up and down but this has been a huge over reaction to a few accounting scandals and those of us with investments and superannuation are pleased to see the opportunity for stability to return.
