Hi Barry, i'm not here to tell you that there is good news around. I'm fully aware of the depressing news every day. I think if you can understand my point of view you will realise that my point is that commodities cannot continue to plummet as they have.
I admit they may have a little further to fall but soon enough they will retreat. They always do. The world is in shock and once the shock passes it will start to turn again. You only have to look at the infrastructure that China and India(and indeed a host of others) have in place to realise that they cannot simply abandon their projects. They will continue soon enough.
As for the car companies, imo the market has already priced this in. Sure it will be a negaitive for base metals but it will just mean that other car companies will pick up the slack and continue on. Do you think we will all be riding bikes in the years to come? lol
outliered out of the bollinger band today, page-57
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |