Our aussie market is schitzophrenic, it usually tracks the worst...

  1. 1,971 Posts.
    Our aussie market is schitzophrenic, it usually tracks the worst performing index in the world on a down day, and very often does the OPPOSITE of Wall Street, on Monday (yesterday) we went UP too much +29 (Wall St was down about 22) and today we massively UNDERPERFORMED losing 52 points after losing ground steadily throughout the day and falling in a heap to close at the days lows -52 (in response to DOW +44. I see the Dow is down big time, European markets all down around 1%, gold and oil getting smashed, so no doubt the SPI futures will be down 30 or 40 in the morning, and then surprise surprise we will either hardly be down much at all after an hour or so, or actually go green during the day, the all ords is the Mary Mary index, quite contrary. One thing is certain, you will go broke following the Wall Street "lead" in the long or short run. You know it makes sense.
 
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