well PSQ isn't doing that well but SDI is doing OK so not so sure about the dentists are raking it in ( compared to pre-pandemic ) and the 'elective surgery folks ' were complaining a bit , unlike many of the cardiologists ( two of mine haven't noticed i haven't visited them for over a year the other one will check things next year )Well, having just read this post there certainly is no shortage of investment funds out there. I often wonder and ponder just how much dollar investments come from the medical fraterinity, ie Drs, Dentists Specialists who are absolutely rolling in the stuff.
Our local Vet(Dr) $85 for 10 min or less no discount. x6 and x8hrs and x5 days.
The white metal is white hotWelcome to the ASX Lithium extravaganza. 11/15 top gainers for the day (so far) are lithium stocks.
ALB's bid for LTR has perked up the metal commodity stocks. Good to see some bullish sentiment reappear in this sector.
NWH and IMD have perked up also.I'm certain @Sean K is feeling perkier today. LOL.
Uncertain, is this the start of the next rally to old highs or just a small bear market rally? "Do you feel lucky, punk?"
Interesting divergence in direction between the All Ords and S&P 500
I don't try and forecast the market, I just trade it as it is, but for my actively traded account it's mostly cash at present.In summary, still bullish medium/long term but going into hibernation during this winter. ?
Similar to you Peter, I'm about 50/50, term deposit 4.1% for 5 years paid monthly, but may re negotiate in 3 months to more like 4.5%.I'm finding it hard to remain bullish as our market and the accompanying sentiment becomes more bearish. My opinion on inflation is that it'll hang around for another year or so. I can see further rate rises coming and getting closer to 5%. I also think people's savings are becoming thinner as the covid savings are spent.
I've put some of my trading capital into term deposits (4%) for six months and moved most to bank accounts paying >3%. Today I've even bought a small parcel of BBUS. I think I'm a little late to buy BBOZ, maybe not. Who knows. I'm still buying gold and copper stocks but I'm not buying too much in this dip as it may last longer than expected.
In summary, still bullish medium/long term but going into hibernation during this winter. ?
ps: Have started trading FX markets again for entertainment.
You are likely not on your own with waning confidence in the market, especially with the recession talk around. But then there was the commentary in @bigdog's Daily US report where AP news said we were on the cusp of a bull market. I think that is a bit hopeful. Like others here, except for my very long term holds (decades), I am mostly in cash.I'm finding it hard to remain bullish as our market and the accompanying sentiment becomes more bearish. My opinion on inflation is that it'll hang around for another year or so. I can see further rate rises coming and getting closer to 5%. I also think people's savings are becoming thinner as the covid savings are spent.
I've put some of my trading capital into term deposits (4%) for six months and moved most to bank accounts paying >3%. Today I've even bought a small parcel of BBUS. I think I'm a little late to buy BBOZ, maybe not. Who knows. I'm still buying gold and copper stocks but I'm not buying too much in this dip as it may last longer than expected.
In summary, still bullish medium/long term but going into hibernation during this winter. ?
ps: Have started trading FX markets again for entertainment.
Interesting divergence in direction between the All Ords and S&P 500. I have seen divergences before but as far as I can recall, they have been the other way around to this case.
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I posted a rant when BRN entered the ASX200. Finally I see a market journalist discussing the sad state of the ASX200 index with the inclusion of penny stocks. Stocks like BRN, LKE, and IMU have been included in the ASX200 index recently.
It’s time to ban penny stocks from Australia’s flagship share indexIf you want to attract and win the trust of serious overseas investors including sovereign wealth funds, pension funds, and asset managers you don’t want a flagship index pockmarked by penny stocks....
Last week, Australia’s flagship index resembled a penny stock casino .... Lake dropped 38 per cent to 29c, speculative biotech Imugene finished the week at just 8.9¢, with tech hopeful BrainChip losing 13.8 per cent over the week to 34.5¢.
The performance across what is supposed to be an index of blue-chip businesses is a growing problem, given passive index tracking funds mean almost every Australian has some financial interest in the success of the S&P/ASX 200.
Moreover, BrainChip, Imugene, and Lake Resources share common traits of unproven business models, virtually no revenue, heavy share selling by insiders, and penny stock prices that equal daily volatility.
New RBA governor? Thought to be more 'dovish', bonds have turned a bit.Not sure why.
Seems we haven't hit recession yet.
Maybe the markets are betting that we don't have one?
I'd have thought that it'd be more of the same.New RBA governor? Thought to be more 'dovish', bonds have turned a bit.
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