Australia - Stock Market
Hm, no matter what they say in the news this seems like a bull run in the market. Oil fell about 17% which leaves some space for the economy to go forward. I believe the political tensions are relieved. The US is turning to negotiations with Iran and that sets some political stability in the oil region. Also, the lack of demand, resulting from the slowing economy worldwide, reduces demand on the oil reserves.
Today, all the Australian indices are up. Finally, no sector is down, as it was in the near past. Usually, either energy and material stocks went up and the others down or vice versa. Maybe this is an echo of the past few days in the market and now everyone's triggered to enter the bull market. :)
The other issue is psychological. I remember last Wednesday. The psychological pressure on that day was terrible. The market sunk for the past two months and there were only bad news. Almost seemed that could not be worse. Which is usually how it goes. Then, makes one wonder - if it can not be worse it means we're at the bottom. Right?
Hm, no matter what they say in the news this seems like a bull run in the market. Oil fell about 17% which leaves some space for the economy to go forward. I believe the political tensions are relieved. The US is turning to negotiations with Iran and that sets some political stability in the oil region. Also, the lack of demand, resulting from the slowing economy worldwide, reduces demand on the oil reserves.
Today, all the Australian indices are up. Finally, no sector is down, as it was in the near past. Usually, either energy and material stocks went up and the others down or vice versa. Maybe this is an echo of the past few days in the market and now everyone's triggered to enter the bull market. :)
The other issue is psychological. I remember last Wednesday. The psychological pressure on that day was terrible. The market sunk for the past two months and there were only bad news. Almost seemed that could not be worse. Which is usually how it goes. Then, makes one wonder - if it can not be worse it means we're at the bottom. Right?
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