Club Mulgoa

Tuesday, August 16, 2011

ASX... the Leader of the Pack

Yesterday, the Dow went up. ASX usually follows like a puppy. But not recently! It has been the leader! In fact, showing the Yanks the direction to take. Today, it went up first and then promptly plunged and remained behind because of WBC result. So far the FT and DAX are down. And the Dow Futures is down too!

PIROA went even lower still after I bought. Some investors were expected miracle from the latest drilling result. I have no problem with missing the trough. The POG is coming up again and AUD is below USD1.05.

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