I thought I might quote the Bill Bonner of the Daily Reckoning for anyone who reckons we are out of the worst of it...
"At first, when the rally comes, investors are hesitant. They’ve just lost a lot of money. They don’t trust the market. They wait. Then, as prices rise more, they begin to pay careful attention and wonder: is it time to get back in? Gradually, more and more commentators answer: yes. And so the money comes back into the stock market. A trickle at first. Then, a flood. Prices rise…and the financial press talks about a new bull market."
"But if it is a real bear market, this is just a way of bringing naïve investors back into the market so they can be destroyed. Prices fall again…to a much lower level. Often, this process is repeated several times before the real bottom comes. And by then…nobody cares."
still a bear rally
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Last
$43.15 |
Change
-2.080(4.60%) |
Mkt cap ! $218.8B | |||
| Open | High | Low | Value | Volume |
| $43.60 | $43.75 | $43.12 | $710.8M | 16.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 26536 | $43.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.15 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$43.22 |
Change
-2.080 ( 4.65 %) |
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| Open | High | Low | Volume | ||
| $43.60 | $43.75 | $43.13 | 4925079 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| BHP (ASX) Chart |