Club Mulgoa

Wednesday, September 19, 2012

The ASX yesterday...

In the AM, the ASX All Ords was drifting downwards.  By the afternoon, things changed.  Because I have no access to financial institution reports (GSJBWere does not treat me as a premium client!), I could not find the reason why.  Hang Seng and Nikkei were both racing away too but Australia was the tortoise.

And then this morning, it became obvious that Australia is further from Tokyo than those 2 markets.  The Japanese Central Bank is also printing money....

... I think our Reserve Bank should also invest in a good printer.

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