Wall Street

Once it was "when the USA sneezes, Aussies get the cold"... and then it became "when China sneezes..."   Now it is "when either the USA or China sneezes...."

However for the last few sessions, the USA hasn't been sneezing, so the stock markets have been rallying...

When the bank share prices plunged recently, I topped up ANZ, WBC and CBA.  I haven't bought shares on the market for a while.  However, following my father's adage that if the (reliable) dividend is better than interest on bank deposits, buy the shares... so I did.  It is nearly impossible to buy at the trough but I have profited out of the recent purchases.  Who knows the price might start to fall tomorrow!