XJO 0.04% 8,023.9 s&p/asx 200

tonights the night, page-99

  1. 17,444 Posts.
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    Master

    Fair enough and a plausible scenario.

    I think it will be the miners that save us from the worst that could happen.

    The financials are a different matter and will be a drag.

    It seems to me that the US will slow as will the world and that will dampen commodity prices even though it may not kill them.

    In summary, I expect a softer miner sector and a weak financial sector for 3 months and maybe even 6 months.

    That doesn't mean we can't double top as you suggest.

    Into next week is pivotal. If we make new highs after that, then we are likely to rally into August and even September before a brief pullback.

    That isn't my preferred option but the market dictates, not me.

    Keep up the contribution.
 
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