Did you happen to remove it with your fist?:) A new meaning to ''Black Monday'':)
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[QUOTE=JBmurc;590022]I'm bias but I really like the look of many of these micro-Jnr cap Gold producers in Aussie...
Yes JBmurc, these are the sectors to invest or watch for....
One big country(might have impact) bought heavily which is playing with its currency.
SILVER LINING?
A snippet from pie funds. They cite 6 reasons why things are overdone, exaggerated etc and see an op to start buying.
"The Investment team took advantage of the worst month on the ASX since Oct 08 and deployed some of our cash war chest.
Though we still have plenty of dry powderremaining. A good friend of mine, who
I rate as an excellent trader, taught memany years ago “You’ve got to buy on thered Mike”. And that is exactly what we didthis month, the day the ASX dipped below5,000 (1000 points off the recent high)we put our head above the parapet in ameaningful way for the first time in years. "
Been all out for 4 months now--I think the bear has finally come out of hibernation--
https://www.facebook.com/WestCoastNa...5461803854499/
Only question is , long slow bear or short sharp shock. I do fear for the aussie market, they were the market darlings based on their exposure to China, the resources have already capitulated, will they take the rest of the market with them?
I have an aussie friend whose portfolio has reached a new high in value.There are always opps out there no matter what the mkts do ;i wouldn't throw a bearskin over the whole mkt and this is what PIE is doing,buying selectively while mkts are red; getting out of sync with the herd.
LOL mate....the ol a picture says a thousand words eh. I think its pretty clear this bear market has serious claws and your picture says it perfectly.
Watch out for the teeth too https://www.youtube.com/watch?v=YexQcXnVSzg
Ok to weakfish jobs number in the US, however unemployment dropped from 5.3% to 5.1%.
this suggests to me participation in the labour market is still falling.
PE on the DOW are now around 14, so quite a bit lower than they were, however I question that 14 is good value, unlike what the spruikers on Wall St are saying. Big question, does the FED raise this month?
Yep that's a hard one to know, but at the moment I prefer to hold majority cash - I have no idea if there is any way of predicting sharp drop or slow smolder (or recovery)... US markets down another 1.5% overnight, its seems the big worry at the moment causing the sell offs if data coming out which will support interest rate rises in the US this month. Last night it was that there were a bunch of jobs created and un-employment dropped to 5.1% (lowest since 2008 I think). Seems like interest rate rises may be the final straw on the camels already slightly broken back. However with the US economy recovering - surely some business will do better than they are now (with or without china's demand).
Not that business doing well relates to there stock price necessarily. - i guess this is the issue.