thoughts., page-5

Enjoy your well-reasoned rants.
Everything just seems pegged to the USD, and the USD isn't making much sense.

USD goes down, this gives impetus to demand for US based products and in particular bonds. Corporates beat expectations on the fact I believe exports were healthier than realised due to the low USD as it traded between 81-78 for the past three months which is quite low.

One of our largest importers is Japan - your Harvey Normans, JBH and retailers are having a field day due to the AUDJPY differential; which should be closely watched more so that AUDUSD.

Don't understand Banks at this point - I view them as grossly overvalued; MQG in particular. They are all running on pure psychology and sentiment whilst the unemployment rate inches higher and higher. This is where technicals work - as fundamentals makes no sense.

Interest rates are about to go higher and when the IR cycle worm begins to turn then one needs to keep a close watch on inflated overvalued portfolios.