I haven't been in share market long, a couple years. This year is a big learning curve.
This is one thing I notice. When fuel was $147 barrel and media was saying $200 soon. I whould believe a lot of people whould have bought in. Who was selling to them?
Fuel is now under $50 barrel and media saying it has lower to go. Who is buying them?
Media drives the herd the way they want. Big money I believe would own media.And they want your money or shares depending which way market is going
oil----iron ore is big money.
All I am saying, be careful how you react to media news.
Cheers, syp
AGO Price at posting:
64.5¢ Sentiment: Hold Disclosure: Held