Dow will hit new alltime highs soon ... lead news story all around the world. US rates are only headed in one direction. Aussies two biggest stocks , RIO and BHP are both horribly oversold and on P/E's of less than 10. If oil rallies a few dollars ( but not too much ), copper gets above $3.50 and gold above $600oz then the All Ords could put on 250 points inside a few days. Being short is definitely a less than 50:50 bet at the moment IMHO.
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Last
8,625.7 |
Change
63.900(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,629.8 | 8,561.8 |
| XJO (ASX) Chart |