Finding yourself in a funny situation, may not seem funny at the time, in fact it can be downright humiliating or embarrassing, and you will probably be the laughingstock and butt of every joke until the next faux par. Just because you might have a view on the economy or on ‘fundamentals’ in general, you shouldn’t let it cloud your judgement on the market. This is the way I look at it: The Aussie market is in a downtrend (note the downward sloping moving average lines in the chart above), which is a short term negative. As you know, the Aussie stock market is pretty much banks or resources The long bear market in resource stocks has held the market back.
A turn back down in price from here, and a hold above $72 (which seems to coincide with 5,000 on the index) just means the market is not prepared to make a call on the Aussie economy either way. Unless you live in an area with a large Caribbean or East Asian population you may well have problems getting it. You can however buy goat meat online both in the UK and USA. China’s turmoil was largely to blame for the global market sell-off this summer.
I find goat meat readily available at several places that I shop…usually not the supermarket, but I live near a neighborhood with a substantial Caribbean population, and I think it is also commonly used in Indian food, and there’s a big Indian population here too. It’s widely expected that China’s government and central bank will do more to keep the economy and stock market from slowing much further. And the world’s most valuable company, Apple, has lagged the broader market this month partly due to concerns about iPhone demand in China.
I was called the wizard of wall street and that is what I thought about as I was at the New York stock exchange. Knowing how to correctly read the stock exchange can help you to see some very profitable times to make a quick score. If you want to try and make some quick money and are open to taking some risk then hop into the stock exchange. The only fees for this investing strategy are the commission that you pay to buy the stock (from $3-$20) and the same fee when you sell the stock. I don’t like option #1 because maybe the stock that paid you the dividend is not cheap at this point in time.
Another reason for not doing this option is that perhaps you only get a $50 payout from a stock. The financial experts generally recommend about 20-40 stocks in a dividend stock portfolio. Well, according to the market data, there was a huge sell-off during this time period. I think you’ll find that flea market vendors will love to have you sell nearby.