Just to clarify - do you mean started dropping once the date reaches April, or the tops have been in April for the last 2 years?
What do you mean. That is the price action in monthly bars. How can it be more comprehensive?
How quiet is the M&A activity.
It's like there is this deathly silence in the air!!
A few weeks ago the usual brokers that roll out onto Switzer were starting to say look out for M&A targets, even touting FMG as a potential take over target.
As to whoever it was asking for the impressive graph it was in today's perma-bear publication "Money Morning" under the title "This Market is Toast".
Here is my Easter prediction for 2012. April will be a down month but the XAO will not fall below 4200. Just remember, you heard it from some bloke on the internet.
Hello Spain - welcome to the party
We never seem to tank like the US nor go up for that matter if you look at the 2 year graph, the US is way ahead of us, we seem to be in a funk all of our own.
I like to look at this page to get a bit of a feel for the mood.
Have to say, I jolted a little when I saw it today!
Haven't seen such a clear picture for quite some time.
View attachment 46736
MORE than $80 billion will be wiped from the value of Australia's sharemarket by the end of the year - a prediction that throws more fuel on the debate about the value of investing in stocks compared with bonds - according to one of the country's leading equities strategists.
Tim Rocks, the managing director of global research at Bank of America Merrill Lynch, yesterday said the market would lose nearly 7 per cent in value this year - a figure that flies in the face of other market predictions - as stifling financial conditions, continued dismal earnings forecasts, and a troubled US economy combined to depress the sharemarket, dragging it down to the 4000 points mark.
If that were to happen, more than 12 months of gains would be wiped from the market, leaving the S&P/ASX 200 Index up just 0.4 per cent on November 25 (when it closed on 3984.3 points).
The former Reserve Bank official said one of the major reasons for his prediction had to do with analysts' ''incredibly over-optimistic'' earnings forecasts.
''Earnings forecasts remain scarily high, both for the remainder of this financial year and for the 2012-13 financial year,'' he said. ''That failure of earnings forecasts has been one of the key reasons why the Aussie market has massively underperformed global markets.''
Well I'm either going to buy a home unit or a swag of TLS in a week or 2, what are the odds I choose the next market to tank ?
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