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aussiebear

World Stock Markets Trading Discussion - Amorphous attrition

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All Ords 5-day chart

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

 

All Ords is still on the stairway to heaven.  The index finished +0.2% with sectors pretty much evenly divided between Consumer Discretionary +1.2% and Gold -1.8%.

Over in Asia, China +0.6%, Hong Kong +0.4%, Japan +0.3%, India currently +0.7%.

UK/Europe selling off at this early stage: FTSE flat, DAX -0.5%, CAC -0.2%.

 

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

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

 

 

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On the shut down; there is an asymmetry in effect between the financial markets and the GNP economy in that the $100bn+ not borrowed from the financial economy and not put into the GNP economy has a larger and much faster effect on the markets to the plus side, mainlined into the market with every bill paydown,  than it does to the GNP economy on the downside with checks not being sent out.

Any negative GDP  economy numbers will only just now begin to show in the reported numbers. An additional irony is that many numbers will not be coming out, because of the shutdown. Negative numbers news are always a hook to bring the market down. I would expect at least a few days of worry here and there to stall this meltup with drips of news about the shutdowns effect on the economy dribble out.  Then I would not be surprised if there is  an orgasmic explosion to the upside when the shutdowns end is announced.

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