Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
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- 284
Looks like the sellers are sitting back for a higher price. Who gonna buy now?
Looks like the sellers are sitting back for a higher price. Who gonna buy now?
Oh I didn't think of that. One hour to go for the release of information at 11.30 a.m.
Thanks for that. I also use FX Factory when I am short term trading.
Time to sell then at least for a rally pullback.Breakout
Macquarie's equity strategy desk has told clients to have a very serious think about this rally in materials stocks urging investors to maintain an underweight exposure.
Basically, the sector is expensive. You might be surprised to hear it has never been more expensive trading at 24 times forecast earnings.
If history is any guide, buying materials at a time when they are expensive points to an annual loss of around 10 per cent.
On the S&P 500, the low in August last year and the lower low in Feb this year has me doubting a further sustained rally for U.S. markets (and resultantly Aust.). I fear the obligatory bear market is nearing.Yeah I'm thinking good time to step aside and look for what is going to happen next.
I've been offloading like crazy this morning, biting my tongue on some. Looking weak across the board.
We're at an interesting juncture. I'm bullish above 5200....but if that get taken out....there would have to be some laggard longs in pain...
Joules MM12016-Mar-10 14:03:33
right or wrong i've just re-committed super funds to aussie only stocks
I feel a bit like the dog in the front seat this morning.
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