It was curious that the Australian sharemarket fell yesterday in line with what happened on the US markets — curious because the market had become disconnected over the past nine months, and the poor economic news that drove markets down was US-centric.
Australian sharemarket
Want to invest? Beware the Today Tonight Effect indicator
While indicators such as relative strength or dividend yield or Elliott Waves are sometimes used to forecast where the sharemarket may be heading, there are other, perhaps less-conventional means of gauging whether equities are over or under-priced.
Gottliebsen: fear and loathing in falling global markets
Last night you could see fear in almost every corner of the world, writes Business Spectator’s Robert Gottliebsen. And it could get worse before it gets better.
Joye: Are Australian share prices inflated?
You know how nearly all Australian superannuation money is invested in the share market? Well, no one is mentioning that the RBA thinks the share market is overvalued. Be cautious, warns Christopher Joye.
Kohler: Tricom stretches nerves to the limit
Several important issues arise from Tuesday’s dramatic failure by Tricom to settle its January 22 trades until 24 hours after it was supposed to. Alan Kohler writes.
MFS and City Pacific propose shot-gun wedding
It is getting expensive, but I’m chasing this market lower, spending $35,000 stacking another 58 stocks into the portfolio so far this year, including eight more this morning.
Centro and the subprime meltdown: What the papers say
On the Centro crash … On the Australian sharemarket … The Fed vs the subprime meltdown …
ABARE outlooks fuels commodities illusion
For the sake of the currently highly charged Australian stock market, BHP Billiton had better reveal a big upgrade in its mineral resources in its annual report tomorrow. If it doesn’t, there’s not much to support the market except an illusion built on higher commodity prices, which in turn are being driven by the weakening US dollar.
Henry Thornton: Meltdown and the RBA’s canny game
The Reserve bank guv’nor will have his chance to say more about the economy and monetary policy when he fronts the relevant parliamentary committee today.
