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???
Hi Mong, yeah i agree with all your logic. However, how many new...
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |