Markets are completely mis-pricing Australia

By in Australian dollar, Australian Shares

| 8 comments

The AUD is down during the morning after poor construction work done:

Bonds are bid but nowhere near enough. There is growing evidence that the Sep QTR was the pivot to much lower growth ahead:

XJO is flat:

Dalian is boring:

Big Iron is down. RIO has a horrible head and shoulders topping pattern which is making me quite nervous:

Big Gas is still falling:

And Big Gold:

Big Banks bounced yesterday arvo but are calm again. One wonders if the bond bid will ignite them for one last roll of the dice before doom sets in:

Big Realty has so far yet to fall:

The great Australian mis-pricing continues as the Sydney and Melbourne house price crashes build but everything is still priced for rate hikes.

Madness!

Comments

  1. Arrow2MEMBER

    Don’t worry. We have a functional government, full of good ideas and policy courage, not at all distracted, certainly not demoralised or desperate, with a terrific unity of purpose, effective leadership and a great track record.

    They will save us.

  3. davidjwalsh

    “mis-pricing” – clearly. Result? Inevitable ……. when the mis-pricing is understood the correction will be proportionally greater as the illuminati hide egg on face ………..

    • mikef179

      yeah, it seems markets are mad the majority of the time and occasionally come to their senses only for the crazy to take over again after awhile. Rinse and repeat.