Monday

This Monday, the ASX will rise and then fall.  Well, that is my prediction.  Until the Feds show convincingly that it is indulge in QE3, the Chinese situation will determine Aussie outcome.  However, the Chinese government cannot let China slip into a recession, leading to rising unemployment.  The chaos would mean the downfall of the Communist government.  Already, inflation is under 'control'.

Commodity prices have been falling, except for gold.  Oil has not moved much recently either.  Hence, I am hoping for a decent performance from my portfolios.  One portfolio that I rarely changes is the one still held in GSJBWere.  Luckily, the big components there are CBA, WBC, WPL, ASX and OSH.  Most have not fallen back, in fact, the banks have risen strongly.  WPL is the worst but there is a green light for it.  Unfortunately, other stocks in that portfolio has fallen badly.  KZL has disappeared, ie gone bankrupt.