Could Obama lead the world into Great Depression II? Dow down 200.
Wall Street posted its fourth consecutive rally last night as the Fed kept rates steady and pledged to keep doing more. The Dow rose 200 points.
Weekly musings by your editor. Investing in the share market remains a case of “timing” versus “risks”. (Re-published to make it available to non-paying members.)
Economists are confident further rate cuts are coming after November building approvals came in far weaker than expected and Australia’s trade surplus narrowed significantly.
From a historical perspective, January is usually a positive month for global equity markets.
Each Christmas CommSec speculates on what the new year might bring.
Oil fell into the thirties last night and a downgrade of GE had the Dow down 219. (Unlocked as a Christmas present)
Oil fell 8% despite a record cut in OPEC production. The Dow gave back 100.
Wall Street has applauded a bold new approach to monetary policy taken by the Fed last night. The Dow rose 360. (This report will be unlocked as a community service).
The RBA is in no hurry to further cut interest rates.