Wayne, I think it's a little bit unfair that we **** ourselves and cry "enivironmental disaster" when the India/China middle class takes to cars and consumption. God forbid that the are as bad as the U.S.!wayneL said:Goodbye planet Earth if the Asians become like the west.:fan
Kipp said:Wayne, I think it's a little bit unfair that we **** ourselves and cry "enivironmental disaster" when the India/China middle class takes to cars and consumption. God forbid that the are as bad as the U.S.!
Australia and the U.S. have squillions of dollars and had access to enviro friendly means of electricity generation and cars for decades--- but have invested in any of them?
wayneL said:Yes it is unfair. Unfair to the next generations who must cope with a degraded and poisoned planet.
Ah ^%$# it! The Earth is screwed anyway. Lets "eat, drink and be merry, for tommorrow we die"
Cheers
YOUNG_TRADER said:The 'hot money' that has chased AUM and UXA are clear evidence to me that there are plenty of bulls in the starting line waiting, I think we are in for a really big upswing very shortly when all the hot money gets tired of waiting on the sidelines and jumps back in, Mid July onwards in my opinion!
chennyleeeee said:The market drives itself. All this interest rate, economy, dow jones and blah blah blah blah are just an excuse to explain the movement. These things are only so important because we put so much importance on it.
UBS conducted an experiment some time ago and it found that the country that loses a world cup game, their stock market tends to go down the following trading day. Explain that to me. hahaha .....And we get all the analysts who would probably blame lack of consumer demand, failed marketing, blah blah blah and the price goes down 10% just because of some incident which fundamentally does nothing to a company in the long run.
We drive the market, if i wanted the stock price of say BHP to go up and if i had the money to do so, I'll buy every single one listed and watch it blossom. The market aint perfect and a bull shall only return when everyone as a group starts believing that all this hype about who noes what next wont mean anything and start bidding the prices up. There's just too much uncertainty atm so no one wants to be in the market atm. When things cool down and there isnt all this hype stirring up the market, ppl will come back and alls well.
Say for instance the monday effect we had years ago. If we all believe on monday the shares go up. We'll all go buy shares on monday, excessive demand drives the prices up. The market is self fulfilling.
Anyways, enough of my prophecies. Feel free to debate my opinions.
CHEN
YOUNG_TRADER said:The 'hot money' that has chased AUM and UXA are clear evidence to me that there are plenty of bulls in the starting line waiting!
chennyleeeee said:The market drives itself. All this interest rate, economy, dow jones and blah blah blah blah are just an excuse to explain the movement. These things are only so important because we put so much importance on it.
UBS conducted an experiment some time ago and it found that the country that loses a world cup game, their stock market tends to go down the following trading day. Explain that to me. hahaha .....And we get all the analysts who would probably blame lack of consumer demand, failed marketing, blah blah blah and the price goes down 10% just because of some incident which fundamentally does nothing to a company in the long run.
We drive the market, if i wanted the stock price of say BHP to go up and if i had the money to do so, I'll buy every single one listed and watch it blossom. The market aint perfect and a bull shall only return when everyone as a group starts believing that all this hype about who noes what next wont mean anything and start bidding the prices up. There's just too much uncertainty atm so no one wants to be in the market atm. When things cool down and there isnt all this hype stirring up the market, ppl will come back and alls well.
Say for instance the monday effect we had years ago. If we all believe on monday the shares go up. We'll all go buy shares on monday, excessive demand drives the prices up. The market is self fulfilling.
Anyways, enough of my prophecies. Feel free to debate my opinions.
CHEN
YOUNG_TRADER said:The 'hot money' that has chased AUM and UXA are clear evidence to me that there are plenty of bulls in the starting line waiting, I think we are in for a really big upswing very shortly when all the hot money gets tired of waiting on the sidelines and jumps back in, Mid July onwards in my opinion!
bullmarket said:Hi young_trader
I'm still not convinced as evidenced by the weekly XJO chart I posted earlier.
Yes, there might be a tradional new financial year rally in July but imo it will be short lived especially if interest rates continue to rise in the US and locally
cheers
bullmarket
ctp6360 said:I never doubted you for a second YT
(btw I'm back from my holiday on the 11th of July, Hawaii is beautiful! I just found out Bill Gates stayed here 3 weeks ago...I need to start digging on the beach in case he left any treasure!)
YOUNG_TRADER said:Copper up 5%
Zinc up 5%
Gold up to recent high of $630+
If these gains hold throughout the night, tommorrow shall be a ripper!
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