Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, January 25, 2013

Is our market getting a bit toppy?

Close to previous (though not record) highs.  Overbought.  And results season coming up, which is likely to be a bit soggy.


2 comments:

  1. I'm sorry, but I don't know the lingo. What are ORDS? Durable goods ORDers? I infer from your comment that it/they are related to equity prices, since they would fall in response to middling or weak earnings news. Also, is this Australian data or US data or global data?

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  2. It's the Australian All Ordinaries index, as in all ordinary shares, i.e., excluding preference shares, convertibles, etc. It's Oz's equivalent to the US S&P500.

    I talk about the world, because Oz is so strongly influenced by it, but I always talk about Oz too!

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