monday trading, page-51

Robbbbbbb,

thanks for the link to that transcript . :)


Here is a link to the transcript of yesterday's programme
ABCtv Inside Business: Gold, dollar surge in value, Clifford Bennett

Here is quote from the interview to which I fully concur with.
"ALAN KOHLER: Are you bullish Australian equities even if Wall Street goes down?

CLIFFORD BENNETT: I think you know if Wall Street declines... I’m actually bullish Wall Street. I see both the Dow Jones and the Australian markets doubling in the next 3 years.

But even- You know at some point we will detach from that US-centric view.

Our economy is driven primarily by Asia, and our markets should be driven primarily by Asia as well, because that's where the fresh investment flows to this country will increasingly come from.

For the moment, you know the psychology is still to watch the Dow Jones closely, but I think with time we will see that separation of the Australian market from the US market, as will be the case for most Asian equity markets.

So I’m very bullish the Australian market with or without the Dow Jones, but a bullish Dow Jones will certainly be helpful."
END


So...for how much longer do we have to listen to the media's dinosaurs ^[1]bleating "Following Wall Street's lead" ?
It's just so boring.... [rolleyes}


[1]Yes, I am fully aware that, technically, dinosaurs do not bleat. LOL!