XJO 0.13% 7,368.9 s&p/asx 200

recovery story has no clothes: market collapse

  1. 3,464 Posts.
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    The national accounts are showing that the bull story of the recovery is not as good as the sharemarket was guessing

    Growth rate was 0.5% and with 2% population growth was a percapita fall

    RBA recognising this and signalled no further rate rise in February

    meanwhile dollar down to below 90 as less cash coming into Oz

    this means less cash for share purchases

    this means we are about to correct

    go short for Xmas

    this I believe
 
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