weak longs flushed
Tomorrow will be one of those **** days where there's no opportunities anywhere. Friday also. Might as well turn the comp off.
skyquake said something yesterday about just how much short interest there was in our markets which really hit home with me.
looked like a lot of guys bailing in the first hour or 2 today. then you get the perfect storm of a slightly unexpected cut and the shorts just run for cover everywhere.
might be more to this, perhaps the last 6-8 months were a significant bottom and now we are due for a run.
Well there's the move. See how the financial market players try to manipulate the process. Next will be language that is true so it keeps the listeners in two minds. Listen but form your own judgement.Financials commentator language was bearish too but it should be known they are intentionally misleading. The planned moves are not general knowledge.
wow can't beleive they cut.
paranoid about deflation it seems.
It was quite unbelievable... not just the cut but the market's reaction to the cut........
I really thought that we will get a sugar hit for 30 minutes and go weak into the close.
It was quite unbelievable... not just the cut but the market's reaction to the cut.
I really thought that we will get a sugar hit for 30 minutes and go weak into the close. Yet the banks and REITs partied on like it was 1999. We are seeing top tier REITs and infrastructure now yielding <<4%, and your plain vanilla rent collector REIT yielding <5%.
Thanks for the cost of living decrease Australia!
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