Australian (ASX) Stock Market Forum

Inflation

I'd again point out that this is what happened in mid July when we had an epic rally despite worsening inflation and despite recession not even entering mainstream discussion.

The difference is this time we're fast approaching the terminal rate. We know inflation is trending down. Several markets have corrected, globally. Several businesses are already adjusting guidance.

So in that context, the dip buying may actually be true value....
recession will be cancelled until we are in an undeniable depression ( which they will deny to their believers )

BTW inflation is money-printing the other things are consequences of excessive money-printing ( or trying to slow it down , way too late )
 
Cathy wood was publicly going through the seven stages of grief, all directed at Powell the other day.
How low can Arkk go. They still ripping them fees outa stockholders.

Every single thing I read from that woman makes me think she's a complete moron. If I didn't know she was in charge of what she is I'd think she was an absolute nutjob.

I swear she just caught the boat in an environment where risk assets ran and still hasn't figured out (and neither has anyone else) that risk assets' days are over.

"Everyone's a genius in a bull market"


Who's got a coin?

Pre market flipped to green also.
Crypto green.
Bond yields red.

Risk on.... ?
So how are those buys looking rock? I sold NRGU at 516 yesterday and it's now at 469 and still dropping.

Please tell me nobody bought at open today...
 
Rebought a little bit of NRGU again at 470. Still plenty of cash to deploy if need be.
 
Clearly plenty did. They're probably responsible for the current dump.

I'm musing, if it plays out like Aus today, it will be buy sell buy, so would close in the green, ready for rally continue next week.
Seems US lithium is listening to MS butt heads...for now.
Degenerates with FOMO. All the ones that missed yesterday bought at open (futures and open were flat and then things took off) and the smart money's then sold.

"Who cares if the market's being retarded, if it's mooning it's mooning, I better get on board".

Nek minnut...



The retail traders have been well & truly pasted on this one.
 
Degenerates with FOMO. All the ones that missed yesterday bought at open (futures and open were flat and then things took off) and the smart money's then sold.

"Who cares if the market's being retarded, if it's mooning it's mooning, I better get on board".

Nek minnut...



The retail traders have been well & truly pasted on this one.
Degens keep my wallet fat.
 
Kwasi (modo) Kwarteng sacked.
Truss schooled.
Corporate tax rises back on.
Truss Bows to Markets, Firing Kwarteng and Restoring Sunak's Corporate Tax Hike


watch the corporates take the foot off the profit pedal and start cutting costs ( probably at the expense of jobs )

the train-wreck continues ( all they need now is corporate debt to look more risky .. and difficult to sell )

and Truss due for a second lesson real soon

( wait until Labor realizes the waves of job cuts coming )
 
i wonder when they realize sanctioning all those Russian Oligarchs was a bad idea ( will the oligarchs invest in Africa or Asia )

but they had plenty of warning from the Cyprus restructure what Europe was like ( maybe the second time makes them smarter )
 
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