It must be a crash, right? After all, Aussie stocks have fallen a lot. The S&P/ASX 200 index nearly touched 6,000 points four times this year.
Netccentric Limited [ASX:NCL] made its debut on the ASX today. The company was hoping to raise $10 million by going public in Australia.
There’s a blind spot here that afflicts practically every economist. And that’s the fact that not all debts rest on a foundation of real economic activity at all.
China operates on a planned economy system in which the government sets the policies in the market.
People who think trading is easy typically have short careers. They don’t see the need for purposeful practice.
My colleague, Jim Rickards, has been right about Greece for the past five years. The way I see it, he’ll continue to be right about Greece.
Shares in port operator Asciano Ltd [ASX:AIO] exploded today, gaining nearly 17% on a broadly positive day for the Aussie stock market.
Whatever happens to Greece will have ramifications to the country and potentially other European countries.
If Europe then turns around and calls Greece’s bluff, throwing them out of the Eurozone, it’s likely we’ll get a lot more turmoil and volatility in the months ahead.
As much as you can try to be an emotionless trader, it’s actually pretty hard to do it unless you’re following an absolutely rigid, computer-drive system.