The Feds

When Ben Bernanke speaks, the whole world listens.  He speaks tonight to the Congress.  The markets are optimistic that he will throw money around.  But I am not.  There is no good economical reason for the market to climb today.  If China pours money into its economy, then the ASX All Ords should rise.

We have become shar-peis, not Yankee poodles.  Actually, we are both but these days, the ASX is more determined by China than Dow Jones.  Interestingly, the banks are the ones doing very well today.  I don't sell any of our bank shares these days; better than putting the money into fixed deposits.  I learned this from my father, ie don't sell if the dividends are going to be better than interest payments.