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Buying the Dip on ASX

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"The recent pullback in agricultural and industrial commodities was due to a global recession being priced in by traders. Recession fears have had more of an impact on commodities than on any other asset class, Goldman said. However, the bank believes a recession will be mostly confined to Europe, with the U.S. and China avoiding one."

www.marketwatch.com

This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says

Recent selloffs have created a window of opportunity in commodities, according to Goldman Sachs.
www.marketwatch.com www.marketwatch.com
 
frugal.rock said:
"The recent pullback in agricultural and industrial commodities was due to a global recession being priced in by traders. Recession fears have had more of an impact on commodities than on any other asset class, Goldman said. However, the bank believes a recession will be mostly confined to Europe, with the U.S. and China avoiding one."

www.marketwatch.com

This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says

Recent selloffs have created a window of opportunity in commodities, according to Goldman Sachs.
www.marketwatch.com www.marketwatch.com
Click to expand...
China .. maybe , but if China sneezes the rest of the world gets shortages up to the ears ( look at the virus saga )

maybe Goldman needs a forensic audit of their books if they truly believe that forecast

now in the '80s that would have been uncomfortable , but now with 'just is time ' widely accepted as well as prolific out-sourcing ...

well maybe some ( third world ) self-reliant nations will get through OK

i on other hand hope i have over-estimated the risk of a depression ( and not just rely on another redefinition from some academic think-tank )
 
frugal.rock said:
Sticking the neck out here with a somewhat contrarian view...

I see Powell's comments as giving the market certainty.
Bots and panicking trigger a sell off, but really, has anything changed.
Not on your nelly.

I think in Aus we are disconnected somewhat from the "world's" issues.
We could be properly protected if governments ever work that out before our land is completely plundered... I digress.

I'm buying the dip. There, I said it out loud. ?
I might be wrong though, I have been before, sometimes.
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Good morning
Will always buy in the dip, but ... ever close scrutiny to buy and sell on the ever precarious upward trend. Concentration... you would hear the cogs turning ha ha ha ha.

Have a very nice day, today

Kind regards
rcw1
 
rcw1 said:
that is really funny frugal.rock:cool::D:)
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Not as funny as being down 4% yesterday, or around 1% greater than the XSO which is generally the world I reside in, largely as a bottom feeder, but not all the time.
I generally beat the market in either direction, but have more up days than the "market" does.
Market below is ASX 200 because the broker is a dressed up mule.
XSO up 0.7%

Screenshot_20220830-132129-705.png
 
Ended up 2.93% for the day.
XSO up 1% for the day.
Uraniums were banging after the US URA lead in.
Futures up. Bonds easing off.
Crypto and gold getting their fondles again.

So, business as usual.
Dip over and done with.

Do I need to say it?
Probably. Be a dipstick. ?
RISK ON.
Go on, grow a pair...??

Screenshot_20220830-201730.png
 
The US CPI numbers out. Markets gone for a tumble. For me, not a dip buying moment until around the 22/9/22,
but that's a holiday now, so Wednesday or Friday.
That's the plan at the moment, unless it turns to excrement. ?

DXY been making higher highs/ higher lows.

Screenshot_20220914-005236.png

VIX on the up again

Screenshot_20220914-010136.png
 
divs4ever said:
will see if there is something to nibble on ( today )

the US futures are slightly green currently
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Morning divs, can be a good day for nimble traders, but have to be quick........the market is jittery right now. Energy and utilities did the best last night, as in,....they dropped the least. This in my mind, is bad news for core inflation.
 
eskys said:
Morning divs, can be a good day for nimble traders, but have to be quick........the market is jittery right now. Energy and utilities did the best last night, as in,....they dropped the least. This in my mind, is bad news for core inflation.
Click to expand...
nimble ??

took three minutes to open the Commsec login page ( and THEN complained it took too long to load )

nothing tasty yet , maybe later on near the close

good luck ( tomorrow is a non-trading day )
 
Public holiday tomorrow, divs? l thought it's next Thursday.........will check that out

Nothing to pick up yet so far, divs. First day down, I think I'll wait for close and take another look. Will shut down and go to another location and plan cooking for tonight......will be better feeding our stomachs today......have a good one, divs, good luck
 

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oops ! you are correct

22nd it is

what a clown show

the upside is more time to buy some Guinness black stout , to have a quiet drink with my former mentor ( who has been deceased for a couple of decades )
 
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