More than 10 minutes today….so grab a cuppa.
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Maybe just me Chris, but I think you forgot to post your video….
Holy Hell…that was spot on!
As always, many thanks for your commentary on the BIG PICTURE, of the bleeding obvious, with blinkers off, view of the markets.
Really on target. Well ahead of the rest of the market observation and observers.
Spot on, I haven’t watched news (entertainment) for a year.
And I think, Bloombergs of the world actually can make more harm than good if you are technical trader. I am just about to learn to become one. One big hurdle will be how to really read the charts objectively, keeping my own thought process straight and narrow. I believe we all have learned to be biased. It works well in symmetrical world (engineering)but I believe that we traders are living in asymmetrical world.
Chris, I think you are a little off with your comments about the US property market. firstly, I must say that I am not such an investor and do not plan to be one.
US property is currently cheap and provided one does due diligence it would be fine. Currently, we have an advantage with our high aussie dollar. Property tends to be a longer term investment. Eventually, the US dollar will recover when their interest rates rise, as will their property values. Then investors wanting to repatriate funds will be fine. The trick to this investing currently is to get financed in the US with a 30 year fixed interest of around 2% and not use Australian money at 10%+ interest.
Also, hedging done judiciously can be done at a reasonable cost. For example with shares, shorting with a CFD at the turn of the trend.
Actually I am spot on – if you bought US property @ USD 0.65 you have done your dough. Also people completely misunderstand hedging, all a hedge does is preserve the status quo. It does not make a bad situation better. No matter how you hedge it always costs – there are absolutely no free rides.