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aussiebear

World Stock Markets Trading Discussion - Accelerating avalanche

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The central banks have not only created a mass Stockholm Syndrome of and for the masses......

they also have created some sort of Veblen Effect in assets (the everything Bubble).

 

Onward with Flo-Bot Friday

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Buying half a position in LYB @ 93.76

I missed the bottom on this while I was out this morning. If it goes down more I'll buy the other half. They should be reporting earnings about next Friday. They almost always surprise to the upside. P/E 7.4, Pr/Bk 3.5, EPS 12.73. I don't see any big lots sitting in the L2 data. For the six months ending 30 June 2018 +19% rev. Net Income less extraordinary items + 49%. Sitting near 52 week low. 

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