International markets traders banter

[notting]

There is little fundamental about the rally in US and European stocks.
It's simply that there is so much money with no where to go that they simply buy stocks.
You can't make anything buying bonds or even gold for the last 12 months.
It's got little to do with value.
It's kind of odd they don't buy our market which is far more reasonably valued.

 

[Trembling Hand]

There is little fundamental about the rally in US and European stocks.
It's simply that there is so much money with no where to go that they simply buy stocks.
You can't make anything buying bonds or even gold for the last 12 months.
It's got little to do with value.
It's kind of odd they don't buy our market which is far more reasonably valued.

Why do you say that there is no fundamental reason for the rally? The data out of the US has been getting better for a year now. And on a long term PE ratio that has been floating around its at its historical average. Not too hot, not too cool.

 

[qldfrog]

Th,
are you actually serious?
how many americans have a job in march 2014?
How many are homeless or living on food stamp;
the market needs to be a few steps ahead and it has doubled post gfc crash already but the economy has not followed.
Reality will have to sink in!
anyway, the market is always right....

 

[CanOz]

Th,
are you actually serious?
how many americans have a job in march 2014?
How many are homeless or living on food stamp;
the market needs to be a few steps ahead and it has doubled post gfc crash already but the economy has not followed.
Reality will have to sink in!
anyway, the market is always right....

qldfrog, the market can only go by the data that is published. Regardless whether or not you believe the numbers, the numbers are showing an improving economy. Same as Europe and if you don't believe the numbers you should believe the bond yields of Spain and Italy.

 

[CanOz]

Let the short covering begin!

 

[Trembling Hand]

Th,
are you actually serious?
how many americans have a job in march 2014?
How many are homeless or living on food stamp;
the market needs to be a few steps ahead and it has doubled post gfc crash already but the economy has not followed.
Reality will have to sink in!
anyway, the market is always right....

You are not trading the food stamp market Qldfrog, this is what you are trading,

https://www.google.com.au/search?q=...FcGFkgWXh4C4BA&ved=0CCoQsAQ&biw=1328&bih=1055

 

[CanOz]

This short covering rally is a bit of a fizzer....

 

[notting]

Why do you say that there is no fundamental reason for the rally? The data out of the US has been getting better for a year now. And on a long term PE ratio that has been floating around its at its historical average. Not too hot, not too cool.

I'm not saying it's out of the ordinary, surprising, unexpected or anything like that.
I'm just saying it's got little to do with genuine value. It's just that they have so much of it they have to put it somewhere and the market is the best bet until they do another navel contemplation and realize the worthlessness of it all.
A vote for the momentum people I guess and perhaps a little hint to stay on your toes!!!!!

 

[qldfrog]

You are not trading the food stamp market Qldfrog, this is what you are trading,

https://www.google.com.au/search?q=...FcGFkgWXh4C4BA&ved=0CCoQsAQ&biw=1328&bih=1055

and that is why the stockmarket went ahead in the last 5 years but now we are trading the hope that the same will happen again in the coming years..and here I believe dream on....
PS not a personal attack

 

[havaiana]

What's everyone's plan for today?

I was expecting a decent range yesterday in Asia then nothing happened (at least in AUD & YEN)

Kind of feels like we are in the same position today, some of the commodities dropped pretty big overnight again on China worries, so today we....

1. Same as yesterday flop around and do not much
2. Follow through to the downside
3. Short covering rally

I'm thinking it will be 1, but I'm hoping for a 2 followed by a 3

 

[Trembling Hand]

and that is why the stockmarket went ahead in the last 5 years but now we are trading the hope that the same will happen again in the coming years..and here I believe dream on....
PS not a personal attack

Yeah fair call but why does it have to be doom? Why can't it just flop around for a while. Why do we have to be re-running the GFC every 6 months?

 

[havaiana]

Heaps of volume early, more than i've seen in ages, my no 1 option becoming less likely

 

[havaiana]

...

1. Same as yesterday flop around and do not much
2. Follow through to the downside
3. Short covering rally

I'm thinking it will be 1, but I'm hoping for a 2 followed by a 3

Heaps of volume early, more than i've seen in ages, my no 1 option becoming less likely

call it right then miss getting any

 

[qldfrog]

Yeah fair call but why does it have to be doom? Why can't it just flop around for a while. Why do we have to be re-running the GFC every 6 months?

because people are edgy, and scared/with scars
and most of trading is done by computers
so quite irrational (both ways)
time will say but these are my current consideration,
PS I am still more or less bulish on the long term but I forecast a nasty fall very soon couple of months max, and that is maybe what we need here:
a AUD collapse, a bit of inflation(link to aud down and the fact we do not produce much anymore) to ease the debt burden and lean the population(inc you and I) without raising taxes, and bring house prices to a decent real level..
a clean new start
maybe not the best thread fopr this talk???

 

[Trembling Hand]

How ordinary can China be with their data releases. FFS!!!!!

 

[kid hustlr]

How ordinary can China be with their data releases. FFS!!!!!

yeah thats pretty bad. we were closed so didnt really effect us but we got retail sales @ 4.51 lol

 

[havaiana]

Currencies still looking pretty risk averse early this morning. My first thought is to always fade the overnight, but I don't imagine a lot of people wanting to buy risk going into the weekend at the moment

 

[CanOz]

Currencies still looking pretty risk averse early this morning. My first thought is to always fade the overnight, but I don't imagine a lot of people wanting to buy risk going into the weekend at the moment

Struth, the US really sold off after the opening range.

 

[havaiana]

Struth, the US really sold off after the opening range.

Yep. Plenty of people seem to be stepping up to buy in Asia so far, I was expecting so see red but only see it on my P&L right now

 

[Trembling Hand]

Anyone been looking at the HSI/HHI spread. been doing some f'in funny stuff last few weeks. HHI trending, HSI range bound