golden
Junior Member
Posts: 399
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Post by golden on Apr 17, 2011 10:15:50 GMT 10
5 days coming up to reflect on what you shouldn't be eating  and on those that served us............Lest We Forget. Take it easy out there guys  g Attachments:
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Post by eddievanhalen on Apr 18, 2011 23:11:46 GMT 10
This could be interesting...................just now ........S&P shows some balls and downgrades the USA from AAA stable to AAA negative (outlook). They probably don't deserve it that good , but it's not something the market expected I don't think.
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lance
New Member
Posts: 18
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Post by lance on Apr 19, 2011 9:35:40 GMT 10
And money goes back into the USD  Lance |
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Post by eddievanhalen on Apr 19, 2011 10:37:03 GMT 10
;D Yeah Lance - USA downgraded so money searching for a safe haven flows into US Treasuries and the USD. You wouldn't see that too often , if ever , and it's partly a reflection on the lack of a safer and similarly liquid alternative that can cope with the sort of money that's sloshing around. Still the best of a bad lot it seems , which just goes to show the state of things in the developed world's larger economies.  |
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Post by fastoy on Apr 20, 2011 6:08:23 GMT 10
S&P shows some balls and downgrades the USA from AAA stable to AAA negative (outlook).
That was pretty ho-hum news I think, and surprised nobody.
There is a lot of confusion in the minds of many, especially those who are not following what happens on a daily or shorter basis.
But good or bad, as usual, the opportunities are there. Its a good market for small traders, but must be a nightmare for the big funds who are restricted to the majors. Bank investors, eg. have gone nowhere for a year.
BHP is up more than $10 in about six months, so they are a real saviour for the super funds that have many anti-mining members. What a fascinating world we live in.
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Post by eddievanhalen on Apr 20, 2011 7:21:46 GMT 10
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worm
New Member
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Post by worm on Apr 20, 2011 13:58:46 GMT 10
"but must be a nightmare for the big funds who are restricted to the majors"
Is this a legal thing? Or is it because they cant move in and out of the smaller stocks due to market volume? .... or something else entirely?
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Post by fastoy on Apr 21, 2011 5:38:50 GMT 10
Just a liquidity thing. Especially in the current market where terrific profits are being made in very selected small stocks.
Some have quadrupled in value in six months while the big banks and other industrials have done little, up a bit, dwn a bit.
BHP has been a saviour for the big funds though.
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r2d2
New Member
Posts: 156
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Post by r2d2 on Apr 21, 2011 16:06:17 GMT 10
Remarkable that the XAO held up so well today, given that we've got a 5 day break, and the US will trade three times before we do again. I had expected a trader sell off late this arvo.
Have a safe and happy Easter all. I've been over on the coast all week, glorious weather. Quiet & peaceful too, though the little grandson arrives tomorrow so that will be the end of that !
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Post by fastoy on Apr 22, 2011 18:01:59 GMT 10
I had expected a trader sell off late this arvo.
A reasonable assumption, but the market has very quietly completley changed its modus operandi, focus, what ever you like to call it. By the time I describe it it will have changed again, it is ducking and weaving for all sorts of reasons.
Our dollar is now the world's fourth most traded currency, so a lot of action is related to dollar trading. It is fascinating to watch.
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and on those that served us............Lest We Forget.
