Hi Mong, yeah i agree with all your logic.
However, how many new cars and Walmart crap items will the extra 533,000 newly unemployed in the States we buying? I agree with the previous post that described the illogical DOW rise, however it may indicate just how badly the market wants to rally on the flimsiest of good news. I can't imagine there being any bad news that eclipses the horrible story to date (other than the Auto bailout getting canned) between now and early new year. So theres a good argument for the bear rally.
Just one thing i notice BHP hasn't fallen % anywhere as much as AngloAmerican, Vale, Rio, so its still got a large premium in comparison. Has me worried this may turn into a nasty bear trap. earnings could be smashed next year if oil heads further south, no money in metals, coal and steel to get slammed; so i have to wonder wheres the profit? $10 oil (as Voltaire suggests) would be a disastrous for the stock. Back to $8 maybe....
Perhaps it seems too obvious a rally is on the cards???
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Last
$38.67 |
Change
-0.670(1.70%) |
Mkt cap ! $196.0B |
Open | High | Low | Value | Volume |
$38.65 | $38.77 | $38.46 | $241.0M | 6.243M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 2717 | $38.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.68 | 5211 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 2624 | 38.670 |
23 | 6378 | 38.660 |
24 | 7969 | 38.650 |
21 | 5478 | 38.640 |
12 | 4241 | 38.630 |
Price($) | Vol. | No. |
---|---|---|
38.680 | 5150 | 26 |
38.690 | 7171 | 16 |
38.700 | 7833 | 17 |
38.710 | 4129 | 13 |
38.720 | 14136 | 14 |
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