re: reminds me of the 70s
more like a minerals bull market similar to 70s ,except cash rates @ 6%
have a look at a 30 year chart on copper for example
we aint seen nothing yet
Nth american companies have just pumped the chinese for @ 71% increase in iron ore prices & you reckon BHP & RIO are going share prices will fall ? ,,yeah right
Fed has spent the last 3-4 years pumping liquidity in to a rooted US system & sometime soon they are going to hsve to pay the 'piper'
& maybe ssoner than we think (1st couple of weeks in march could be interesting)
We had Korea yesterday saying the are going to sell US notes & bonds (they 4 largest holder) a replace with yen & aussie (better value)
When we see a sell off in the long term US bonds ,we could see metals ,(gold) really take off (like 79-80)
our market has rallied 50% in two years & over the past 120 years ,bull markets dont last much longer but when they do they are quite spectacular
I would welcome a sharp pull back 3600-3800, but i reckon its smarter to trade the markets now ,than the ones u think may happen
