Posted to Herald Sun (7/10/2011) on 7/10/2011 at 10:07 PM (Not published by Newspaper)
Commenting on "Australian share market best week of gains in more than a year"
http://www.heraldsun.com.au/business/australian-share-market-takes-another-step-forward/story-fn7j19iv-1226161012216
Do the share market "players" really know what they are doing or talking about? The share market is getting more and more like Crown Casino or Flemington Racecourse during spring racing festival. Share market "punters" in recent days relied more on guts feel instead of fundamentals or trends - how can oil demand changes overnight or Greece turn over a new leaf and become more capable in paying off their debt? Even Qantas workers' calling off the latest strike does not mean that there are no forthcoming stop works or all conflicts between the workers and the Company have been resolved miraculously.
As Christmas approaches and winter sets in the northern hemisphere, more unhappy news will be released by nations of the north about how the increasing number of unemployed suffers the cold miserable season. In addition, countries in northern Africa and Middle East are also in the state of political turmoil.
With uncertain time like now, I cannot see the share market players are rational in their buying and selling decisions. To this end, any negative news will send the market tumble again. I still believe that the ASX ordinary index will be around 3500 in the next week or so.
Commenting on "Australian share market best week of gains in more than a year"
http://www.heraldsun.com.au/business/australian-share-market-takes-another-step-forward/story-fn7j19iv-1226161012216
Do the share market "players" really know what they are doing or talking about? The share market is getting more and more like Crown Casino or Flemington Racecourse during spring racing festival. Share market "punters" in recent days relied more on guts feel instead of fundamentals or trends - how can oil demand changes overnight or Greece turn over a new leaf and become more capable in paying off their debt? Even Qantas workers' calling off the latest strike does not mean that there are no forthcoming stop works or all conflicts between the workers and the Company have been resolved miraculously.
As Christmas approaches and winter sets in the northern hemisphere, more unhappy news will be released by nations of the north about how the increasing number of unemployed suffers the cold miserable season. In addition, countries in northern Africa and Middle East are also in the state of political turmoil.
With uncertain time like now, I cannot see the share market players are rational in their buying and selling decisions. To this end, any negative news will send the market tumble again. I still believe that the ASX ordinary index will be around 3500 in the next week or so.
