Hi P, I thought I've seen everything about market fundamental and seasonal expectation but in the last few months, there are so many unexpected factor throwing into the woodwork.
Remember, not long ago oil price around the $80 is bad for the markets and not we got oil over $83 and markets are at all time high.
What about the high $A bad for exporters like BHP & RIO ? Or no nothing wrong with that as base metals price are going higher. Well higher may be but not as high to offset the mining companies earning hit to me.
For tonight, despite strong retail sales GE and CitiGroup are downgraded and getting hit in premarket at the moment and with more data out in 30 mins, we could still see a weak day for the Dow.
I notice BHP & RIO have recover 50% of their drop today and only down just over 1.5% each now.
The con games continue and best trading game in the current market is go in and out as many times as you can, just like having se x really.
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