GreatPig said:Obviously no one's told the Poms. The FTSE is up 1.2% at the moment.
GP
wayneL said:Well with the end of the world imminent, oil is bound to go up... allegedly this is driving the FTSE today.... and I doubt that the Helicopter boy will go .5 anyway.
This will allow Crash Gordon and Mervs merry band of sycophants, to deny reality for just a bit longer.
GPThe stock market might stage a huge rally in the next few months if investors see a half-point increase and conclude that the Fed's rate-raising campaign is finally over
Dow, Nasdaq, and S&P500 all up 0.6% to 0.9% at the moment (or rather 20 minutes ago...).09:00 am : S&P futures vs fair value: +6.6. Nasdaq futures vs fair value: +6.5. The stage is set for stocks to open sharply higher as futures indications continue to trade comfortably above fair value. Broad-based gains in overseas markets, many of which have gained more than 1.0%, are lending some support.
GreatPig said:
wayneL said:Interesting view. One I'm struggling with BWTFDIK!
NettAssets said:Well .. I hope our Bears didn't go short on the nasdaq just for the news
John
NettAssets said:Not showing much sign of slowing down
Seems to me that the market had made up its mind to be bullish a while ago and this was just the excuse it needed to go nuts again. You wonder what would have happened if the rate hike was 0.5% - MywayneL said:Well that was either one helluva bullish day or one helluva short squeeze.
I never thought I'd see the day where TLS outperformed the market....noirua said:With every stock, except Telstra, in negative territory on the ASX 50 this morning, the gloom is returning.
Kipp said:I never thought I'd see the day where TLS outperformed the market....
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