All readied up for long the autralian index
已更新
I am seing the australian stock market selloff slowing down, following a selloff due to the global fear in the world that produced dumps of everything.
Going to keep an eye on the dow. Right now the dow is the big bubble in the world, and it is where every one has some money. The whole market cap is insane, in particular you got the top us (and some chinese) tech stocks that have ginourmous market caps. Funny how Wallmart makes 500 billion in revenue (10 bil net income) but its market cap is far behind, while Amazon with 1/3 revenue & net income (175 bil & 3 bil) has this monstruous market cap for the simple reason of being a "tech" thing... Most tech stocks are... Apple is a crazy company and even Buffet bought shares close to ath, their net income dwarfs all the rest at 60 billion btw... BUT if we go into a recession people are not going to feel rich and are not going to buy overpriced "luxury tech". The whole Apple success is super fragile in my opinion.
I see the dow going into some kind of complacency OR going to make a triple top. Unless it dumps hard it will not prevent Australian stocks from bouncing.
Back to the subject.
To make this simple, Australian PE ratios are at average, even in the lows compared to the past 20 years, the dividends are ok, pretty average.
The country is not in any trade war, there is no drama around it, its companies are solid and yes the us dollar going up might hurt them a little, but Oil is also going down not so much a big deal for them thought.
Here are the biggest companies:
Australia and New Zealand Banking Group
Aristocrat Leisure
Amcor
AGL Energy
Australian Stock Exchange
APA GroupStapled Security
Aurizon
AMP
Alumina
Bank of Queensland
Australia is one of the richest country in the world (by person ofc), behind Luxembourg Switzerland and all the small places.
Like the swiss they are very service oriented & in particular in banking etc.
Do not want to go super in depth, but to make this simple there is no reason for it to go down massively it's all fear because the the overvalued us tech stocks.
The FED talking about hiking rates in december so eyes open... Maybe Aus bounces before that and we can get run away with our profits before this happens :bitconnect:.
Dax and Cac 40 are in the same boat
Will patiently wait for my target to get reached and go long unless there is a terror attack or something. Oh and also, bullish divergence on oscillators.
Going to keep an eye on the dow. Right now the dow is the big bubble in the world, and it is where every one has some money. The whole market cap is insane, in particular you got the top us (and some chinese) tech stocks that have ginourmous market caps. Funny how Wallmart makes 500 billion in revenue (10 bil net income) but its market cap is far behind, while Amazon with 1/3 revenue & net income (175 bil & 3 bil) has this monstruous market cap for the simple reason of being a "tech" thing... Most tech stocks are... Apple is a crazy company and even Buffet bought shares close to ath, their net income dwarfs all the rest at 60 billion btw... BUT if we go into a recession people are not going to feel rich and are not going to buy overpriced "luxury tech". The whole Apple success is super fragile in my opinion.
I see the dow going into some kind of complacency OR going to make a triple top. Unless it dumps hard it will not prevent Australian stocks from bouncing.
Back to the subject.
To make this simple, Australian PE ratios are at average, even in the lows compared to the past 20 years, the dividends are ok, pretty average.
The country is not in any trade war, there is no drama around it, its companies are solid and yes the us dollar going up might hurt them a little, but Oil is also going down not so much a big deal for them thought.
Here are the biggest companies:
Australia and New Zealand Banking Group
Aristocrat Leisure
Amcor
AGL Energy
Australian Stock Exchange
APA GroupStapled Security
Aurizon
AMP
Alumina
Bank of Queensland
Australia is one of the richest country in the world (by person ofc), behind Luxembourg Switzerland and all the small places.
Like the swiss they are very service oriented & in particular in banking etc.
Do not want to go super in depth, but to make this simple there is no reason for it to go down massively it's all fear because the the overvalued us tech stocks.
The FED talking about hiking rates in december so eyes open... Maybe Aus bounces before that and we can get run away with our profits before this happens :bitconnect:.
Dax and Cac 40 are in the same boat
Will patiently wait for my target to get reached and go long unless there is a terror attack or something. Oh and also, bullish divergence on oscillators.
订单已取消
Bounced early and anyway cba that trade.
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