Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
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It's because of the RIO news no doubt
And has further increased 33 points in the last 10 minutes.Something has given it impetus.
Ever since August, I find that the market has been very sensitive to any news, and the general trend is massive over-reaction. I'm getting the impression that whenever there's a piece of bad news or 2, everyone thinks the world is going to be over, but if there's some other good rumours, all the money flows back in to give the market a kick along. Times such as now are certainly pretty weird.
Ever since August, I find that the market has been very sensitive to any news, and the general trend is massive over-reaction. I'm getting the impression that whenever there's a piece of bad news or 2, everyone thinks the world is going to be over, but if there's some other good rumours, all the money flows back in to give the market a kick along. Times such as now are certainly pretty weird.
Add another 35 in the last 15 minutes.The SPI 200 now stands at 134.
Try this: http://www.sfe.com.au/content/prices/rtp15sfAP.htmlWhere do you get your up to the minute SPI 200 info from?
Thanks
eMark
Where do you get your up to the minute SPI 200 info from?
Thanks
eMark
Wow +131 at 11:10PM, was interesting watching it go from -5 a little earlier in the night then just rocket up after the RIO announcement. Had a high of +160 earlier on but has pulled back since BHP has fallen in London trading.
Pulled back to 27 overnight but now back to 79 an hour before market opens after a late surge in the Dow from -192 to -33.Seems to be a pattern evolving in America with selloffs and late rallies,followed by a triple digit fall.Anybody with any theories?
Probable reason for rally(and here today) was Bernanke's report to Congress.I include a quote from MarketWatch about his report.
"The good news: The Fed might cut interest rates again. The stock market loves lower rates.
The bad news: The economy may do even worse than the tepid growth now expected. The stock market hates slow growth."
The market for some reason only focuses on the good news.
Nov. 8. Dealers are now noting speculation behind the sharp rally on the stocks this afternoon despite the lack of fresh, positive fundamental news. One rumor is speculation, emerging from the equity market and then the bond market, that the Fed will cut rates tomorrow, which is the reason for the sharp rise in stocks this afternoon. Forex traders are very skeptical on the rumor and most laughed it off but the speculation is being fuelled by an analysis article from a US bank that notes the correlation to the strange stock market recovery just before the Fed rate cut in August. Dealers who don"t believe the rumor also note that despite the downbeat comments from Bernanke today and the bond markets pricing in a Dec rate cut, that Bernanke did not appear at all inclined to cut rates from those who watched the speech today.
Pulled back to 27 overnight but now back to 79 an hour before market opens after a late surge in the Dow from -192 to -33.Seems to be a pattern evolving in America with selloffs and late rallies,followed by a triple digit fall.Anybody with any theories?
Probable reason for rally(and here today) was Bernanke's report to Congress.I include a quote from MarketWatch about his report.
"The good news: The Fed might cut interest rates again. The stock market loves lower rates.
The bad news: The economy may do even worse than the tepid growth now expected. The stock market hates slow growth."
The market for some reason only focuses on the good news.
Seems to be a pattern evolving in America with selloffs and late rallies,followed by a triple digit fall.
The start of another week.The Spi 200 down 78 points at the moment,all markets in America down on Friday and the euphoria of the proposed BHP-Rio merger.Will the latter be enough to ensure a positive day for our market as it was on Friday?
Problems are not going away in the biggest consumer market of all and a writer at MarketWatch had this to say-
" U.S. stocks are poised for more weakness next week, after a slide in the Nasdaq wiped out hopes that technology shares could pull the market out of the subprime pain felt by financial institutions on Wall Street."
The Americans must not feel the euphoria about possible BHP-Rio merger as us as Rio shares lost 1.3% on Friday.
... the euphoria of the proposed BHP-Rio merger.Will the latter be enough to ensure a positive day for our market as it was on Friday?
Problems are not going away in the biggest consumer market of all and a writer at MarketWatch had this to say-
" U.S. stocks are poised for more weakness next week, after a slide in the Nasdaq wiped out hopes that technology shares could pull the market out of the subprime pain felt by financial institutions on Wall Street."
The Americans must not feel the euphoria about possible BHP-Rio merger as us as Rio shares lost 1.3% on Friday.
EUPHORIA!!!!
What Euphoria The price of RIO is only a bit over 1% above the bid.
BHP is lower than when the news Hit. FMG and some others have had a good jump but they are still in a one month range bound pattern. Friday advancers to decliners was about equal.
Euphoria....... come on!
Oh and some Dude who for all you know has never placed a trade in his life is saying next week is a down week so that’s it! We should be selling this week. Because Nick Godt has said so. Who the hell is Nick Godt. CBS thinks so highly of him you can’t even find his Bio on their site. Come on! Cut and paste like this have just about turned this tread into the "not worth reading list”. If you think his dribble is worth it I hope you will be shorting hard on the open and hanging on till he says we will be having a big week.
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