U.S: down ---> ASX: em...see they are down, we should therefore go down, let's sell and bring down the market to match U.S performance
U.S: up ---> ASX: oh, you know they might go down again tonight(now they have brain!?), we therefore should go down again, let's sell and bring down the market so that we can be seen as smart a#@ to predict the fall and match U.S performance before hand, we might get a candy from Uncle Sam, you know...
That's the logic for many people/traders and maybe also the logic of a lot of oversea investors....Don't you find it silly????? I do. Have a check on Australian trading partners and see where is U.S, so silly! Will U.S care about us?
Uncle Sam: ee...ye, I will let you know when we have crisis next time.
However, from the other side, if they are all that smart then who will be the idiots:)
Have a good weekend, team!
CXY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
