RBA meeting effect on XJO?

[asxiq]

Date Change %
06-Dec-11 ??
01-Nov-11 -1.52
04-Oct-11 -0.64
06-Sep-11 -1.60
02-Aug-11 -1.43
05-Jul-11 -0.27
07-Jun-11 -0.06
03-May-11 -0.84
05-Apr-11 0.27
01-Mar-11 -0.11
01-Feb-11 -0.04

9/10 prior meetings ( excluding today) in 2011 have resulted in loss

 

[lenny]

I think the last time we had two rate cuts in succession was at the height of the GFC-1.

 

[Aussiejeff]

Date Change %
06-Dec-11 -1.50
01-Nov-11 -1.52
04-Oct-11 -0.64
06-Sep-11 -1.60
02-Aug-11 -1.43
05-Jul-11 -0.27
07-Jun-11 -0.06
03-May-11 -0.84
05-Apr-11 0.27
01-Mar-11 -0.11
01-Feb-11 -0.04

9/10 prior meetings ( excluding today) in 2011 have resulted in loss

There ya go.....

10/11 down now.

 

[skc]

If RBA raises interest rate, it means it is putting on the brakes... market should fall.
If RBA lowers interest rate, it means the outlook is negative... market should fall.

On the other hand.

If RBA raises interest rate, it means the outlook is positive (and hence RBA wants to slow it down)... market should rise.
If RBA lowers interest rate, it means it is cheaper to borrow and everyone has more money to spend... market should rise.

In conclusion... go with what the stats say.

 

[RandR]

If RBA raises interest rate, it means it is putting on the brakes... market should fall.
If RBA lowers interest rate, it means the outlook is negative... market should fall.

On the other hand.

If RBA raises interest rate, it means the outlook is positive (and hence RBA wants to slow it down)... market should rise.
If RBA lowers interest rate, it means it is cheaper to borrow and everyone has more money to spend... market should rise.

In conclusion... go with what the stats say.

They are pretty conclusive, is this sort of statistical correlation between RBA meetings and the XJO is strong historically ?