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aussiebear

World Stock Markets Trading Discussion - Watchful wangling

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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 closed with a minor gain of +0.1% and sectors ranging from Energy +4%, Gold +3.5% down to Utilities -1.2%.

Over in Asia, China flat, Hong Kong -0.8%, India currently -0.9%.

UK/Europe heading south: FTSE -0.2%, DAX and CAC -0.7%.

 

big.chart?nosettings=1&symb=UK:UKX&uf=0&

big.chart?nosettings=1&symb=DX:DAX&uf=0&

big.chart?nosettings=1&symb=FR:PX1&uf=0&

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

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Hourly trendline at 2992.50. Perfect touch and go so far. Let's see if they hold. 

The idea that a drone strike on a Saudi oil facility would generate a major turn in the market strikes me as naive. But it seems to be a widespread thought.  

So I'm probably wrong in my judgment.  LOL 

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I guess I'm just one of those "nothing surprises me" skeptics. 

For example, the creeping Trump dictatorship hasn't surprised me for one second. Nor would it surprise me if he and his sycophants are overwhelmingly defeated in the next election. 

It would also not surprise me if there is no election, or if it is rigged for him to win. 

A military coup would not surprise me. A White House coup would not surprise me. 

The end of constitutional government would not surprise me. I'd be more surprised if a functioning constitutional government of laws re-emerged. 

We are in a fluid situation. Anything can happen. 

The idea that drones can attack an oil facility is not a black swan.  

And black swans don't turn markets anyway.  

In fact, there are no black swans. Plenty of people have already thought about, foreseen, and acted upon everything that can happen. 

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However, there are plenty of economists, Wall Street "anal cysts," and assorted self excusing establishment shills who want you to think that there are.  Most of them are  in the business of selling their positions to you. 

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