XAO Banter Thread

[Toyota Lexcen]

I hope so Peter,

 

[Modest]

Me three, Peter - please bid her up

 

[notting]

The XAO is about to be Flying High.

Tend to belligerently agree. Never short a dull market.
This market is so dull I was betting on the Grand Final for my entertainment.

 

[peter2]

Dull! This market is so dull that even @wayneL couldn't make it shine.

OK what are the chances of another day up? I've changed my daily trend to up and another day up might change the weekly as well.

 

[PinguPingu]

So at peak negative media, the XAO is threatening to break out. Is the long, dark night almost over? The XSO is looking good to me...

 

[Wysiwyg]

Next break above target Feb highs of 5880.

 

[History Repeats]

Aud need to drop more for equity to break current range.

 

[PinguPingu]

ASX breaking out of the range October, 2017 (Colourised):

 

[Wysiwyg]

Do you mean it wasn't a fantasy?

 

[Wysiwyg]

After stringing 8 days of rises together the XAO has closed lower. Lets make 5970 - 5980 an epic resistance zone. Yeah that should unsettle and frustrate.

 

[Modest]

After stringing 8 days of rises together the XAO has closed lower. Lets make 5970 - 5980 an epic resistance zone. Yeah that should unsettle and frustrate.

G'day although we don't see eye to eye trading, I think she will go lower before higher. What can I say, just my gut instinct - not supported by any spreadsheet formulas or Quantum algorithm processing node complex attribute master cost controller or HBF inverter.

 

[Joules MM1]

not supported by any spreadsheet formulas or Quantum algorithm processing node complex attribute master cost controller or HBF inverter.

so try the retro-encabulator with phase shifted sperzel and ambi-facient multi-sinosoidal updates

 

[Modest]

so try the retro-encabulator with phase shifted sperzel and ambi-facient multi-sinosoidal updates

 

[Modest]

G'day although we don't see eye to eye trading, I think she will go lower before higher. What can I say, just my gut instinct - not supported by any spreadsheet formulas or Quantum algorithm processing node complex attribute master cost controller or HBF inverter.

But but, AFR posted an article yesterday saying this rally was going to keep on going and going?! Some experts!

 

[PinguPingu]

reee fairfax ruining my ****, although I'll take a 50 pint dip if we keep going to 6200.

 

[notting]

"At Credit Suisse Group AG’s prime brokerage desk in midtown Manhattan, the phone hardly seems to ring anymore. Its hedge fund clients don’t call about Donald Trump’s tweetstorms and the stock market or ask what to do when terrorists attack. And there was barely a whiff of panic when North Korea erupted in August. “Two rockets flew over the land mass of Japan and nothing happened,” says Mark Connors, Credit Suisse’s global head of risk advisory. “There were no calls. That’s absolutely crazy.”

Crazy maybe, but it’s become the norm on Wall Street. Whether it’s the threat of nuclear war, hurricanes, or Russian meddling, it seems nothing can unnerve investors bent on pushing the U.S. stock market higher and higher. Even Richard Thaler, who won a Nobel Prize last week for explaining how irrationality drives financial markets, said on Bloomberg Television he couldn’t understand why stocks keep going up now."


Let me explain - they are waiting for the tax cut so that when they sell they will get taxed alot less.

 

[cynic]

"...Even Richard Thaler, who won a Nobel Prize last week for explaining how irrationality drives financial markets, said on Bloomberg Television he couldn’t understand why stocks keep going up now."


Let me explain - they are waiting for the tax cut so that when they sell they will get taxed alot less.
...

So one grandaddy of all grandaddies of sell downs, could be on the cards once that tax cut comes into effect?

 

[notting]

You bet, probably along with some 'event,' that will take the headlines.

 

[Smurf1976]

I've definitely noticed that things which would have sent the market down in the past have no effect now.

All news is good news it seems. The market goes up or briefly sideways but it doesn't go down.

The tax cuts is an interesting one that I hadn't thought of as a possible explanation.

 

[Value Collector]

I've definitely noticed that things which would have sent the market down in the past have no effect now.

All news is good news it seems. The market goes up or briefly sideways but it doesn't go down.

The tax cuts is an interesting one that I hadn't thought of as a possible explanation.

Those "things that would have sent the market down" are they actually things that should send a rational market down?

I mean are they the types of things that have a negative effect on the profitability of companies to an extent that the companies valuation should change and owners should sell for less?