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aussiebear

World Stock Markets Trading Discussion - Systemic stalling

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Early openers dodging about: Kiwis -0.5%, Aussies -0.1%, Japan -0.3% and Sth Korea flat.

Aussie sectors not big on green:  Energy +1.7% is one of the few with Telecomms -1% down the most followed by Gold -0.8%.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords came off the lows to finish -0.1% with sectors ranging from Energy +1.8% down to Gold -1.4%.

Over in Asia, China, Hong Kong and Japan all -0.3%, India currently +0.7%.

Over in UK/Europe, FTSE -0.1%, DAX +0.5% and CAC +0.8%.

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

  

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  

http://bigcharts.mar...com/default.asp

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Everybody is all bulled up because  the economy is so strong.

 

Please tell us Dr. Stool. What does the economy have to do with the stock market?

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The Fed watches it and will keep tightening.  

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I have a piece coming today on Money Morning. 

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1 hour ago, DrStool said:

The Fed watches it and will keep tightening.  

 

I was hoping for an epic rant. I mean I threw that pitch right down the middle.

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2 hours ago, Jorma said:

 

I was hoping for an epic rant. I mean I threw that pitch right down the middle.

Well, I've been very consistent in my writing.  The economy matters because it matters to the Fed. Good economic news is bad news for the markets because it will keep the Fed on track. I have consistently said that I expect the economic data to be strong because of the deficit spending.   Markets top out when the news is good because that's when the Fed pulls the punchbowl.  I don't agree with Granville that the economy has nothing to do with the market.  The Fed tries to manipulate both, and will tighten until there's a "material adverse event," whether that's an economic event, or more likely, a market event.  

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Bullish pattern on the hourly again. 

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