mentioned yesterday bullish action has followed thru today, up against resistance now 1945 - 50 need to break it heaps of stops above will push higher 75 if successful
Printable View
mentioned yesterday bullish action has followed thru today, up against resistance now 1945 - 50 need to break it heaps of stops above will push higher 75 if successful
Oil below $35.00 and US fracking becomes unprofitable which suits the Saudis. However the Saudis need oil at, or above, $30.00 in order to keep buying/paying for weapons etc. Apparently, according to a quote in the FT, they are manipulating the market to remain within those two levels.
looks like the weekly trading range held
anyway check out the cds of aussie banks wow
http://www.bloomberg.com/news/articl...bank-bond-risk
http://www.independent.co.uk/news/bu...-a6900471.html
Interesting read!
Global Consumers have more money in their pockets thanks to falling commodity prices. Therefore,they have spending power and they are supporting consumer oriented companies buying their products. Fortunately, we are not going to see era of oil trading over $100 in the near future. Global central banks will take more aggressive action on monetary easing.
Therefore,we cannot expect collapse of global economies or stocks markets at this juncture. Property markets have peaked globally. Commodities are less appealing. Only place to park money is Stocks. 2016/17 is going to be another year of opportunity for intelligent investors.
Really!? "the only place to park money is stocks". When there is fear, stocks aren't the place to be, not in size anyway.
At some point it will be a good time to buy stocks, but there is a bit to unfold yet imo.
Wait for the capitulation, then buy.
Anyone get any takes from the G20?
Some very interesting food for thought.
http://www.sharetrader.co.nz/showthr...653#post609653
march 10 could be a big deal
http://money.cnn.com/2016/02/29/inve...lus/index.html