The ASX can surely lay claim to the dumbest bull market in the world today. No, it’s not the bourse itself, which is going nowhere in relative terms. In fact, the bull market in question is killing the bourse.
It’s Big Gas, the pensioners killers, which have today launched higher on the back of ORG’s glowing update as it sucks the last drops of life from the cadaver of the east coast economy.
The ASX is still stuck at 6000:
But the Curtis Island cartel of ORG and STO is on fire:
And why not? They can print money on the recycled garments of dead pensioners.
Meanwhile, Dalian is opening flat:
Big Iron is down and FMG falling amid an iron ore rocket is a very poor sign for the future:
Big Sleazy if down on the Nats fake royal commission:
And Big Arsewipe continues to pretend it’s not a bubble:
A bourse in which the hottest stocks are leeches killing everything else is not worth investing in.
