Analysis: Everythings up, but not right

06-Oct-2010

Comments: (3)

Gold up. Dollar up. Oil up. Shares up. Last night's world market action sounds too good to be true, and it was.

What happened overnight, and is likely to continue in Australia today, is the start of a classic sucker's rally with speculators rushing to beat the next economic stimulation move by the U.S. central bank.

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Comments:

David Kew

Love the article - style and content. More like this please!

Senate Watcher

It is delightful to read a columnist who can remember the Swiss Francs scandal & the farmers. You are absolutely spot on. I remember in the 1980s one farmer from Cuballing who lost half of his farm over it.

Steve Duits

One of the best overall appraisals I have read in recent times regarding our current trading position overseas. It is refreshing to see someone put things into perspective so succinctly. I hope all those wannabe airchair investors read this and understand the implicatioons.