The important thing to remember is that we are in a long term commodities bull (IMHO).
Industrials etc will be in a bear market during that commodities bull.
It is not essential that the DOW and all ords be in a raging bull for the materials and energy indexes to be in a long term bull. Read zeall research on long wave theories for some explanations.
http://www.zealllc.com/essays.htm
infact it makes sense that the industrials will go sideways as a result of the higher oil and gas prices and base metals make manufacturing more expensive etc. therefore profits will be lower. However BHP and RIO and zfx and OXR etc will continue to make wonderful profits year in and year out.
regards andrewe
trouble, page-6
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Last
$42.92 |
Change
-0.230(0.53%) |
Mkt cap ! $217.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.02 | $42.69 | $123.4M | 2.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3074 | $42.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.93 | 3379 | 14 |
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| Last trade - 11.52am 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |