I agree it looks rosy but little to do with the Dow as has been evident for the last 6 months. All about the dollar IMO. Dollar falls many things happen:
1. Our miners sell in US dollars so they earn more.
2. Our manufacturers earn more and face less competition.
3. Our farmers earn more because they too sell in US dollar valued markets.
4. Our retail faces less competition.
5. Tourism has a chance.
6. Stocks are cheaper for foreigners so they invest here.... particularly given the ALP are finished.
The only losers are the consumer and the traveller.
Dollar falls = shares gain.
- Forums
- ASX - By Stock
- XJO
- xjo weekend zoomba lounge
xjo weekend zoomba lounge, page-48
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,223.0 |
Change
35.600(0.43%) |
Mkt cap ! n/a |
Open | High | Low |
8,187.4 | 8,242.8 | 8,187.4 |
Featured News
XJO (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online