Australian LNG Australian Shares Commodities

ASX defibrillates big iron and gas dead cat

Monday, 8 February 2016

Hope springs eternal on the ASX as the BHP rally continues despite oil falls up 0.2%, RIO is up 0.6% and FMG is down -3.4%:

Idiocy spreads are widening despite the iron ore bounce:

The carcass of big gas is proving harder to jolt as WPL is flat, OSH is down -2%, STO -3%, ORG -4% and LNG -7%:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.