Short term idiots...

Yesterday, the price of oil fell.  So in one of my portfolio, the fall was quite spectacular.  Today, the price of oil went up by more than 4%.  That means, that portfolio should rise.

It is quite incredible that the share price of oil companies can fluctuate that much.  There are idiots buying on daily basis based on daily fluctuation in oil price.  However, they are not the real idiots.  The real idiots are those who pay these idiots lots of money to look after their money!

Gambling on the market

Some people/institutions were gambling on bank shares falling.  I have no idea why they think bank shares would tumble when nothing appears to be really troubling the banks.  And these risk takers are well paid and taking risk with other people's money usually.

I am there for the long haul and my recent purchase of bank shares have been roundly rewarded.  Well, I topped up to round up the number of shares we own!

Bad news tomorrow for the ASX

Every time the market leaps, it usually has to land.  So tomorrow, I expect a plunge back to reality.

What gave me a 3.26% lift today was mostly because of concrete data...  Concrete as in cement concrete.  Sometimes, Aussie innovations can be ingenious.  And concrete built with nano carbon tubes is what EDE is about.  Tests in Georgia, USA have been convincing.  If all fall into line, then this little stock can be expected to make a huge profit in the world of concrete.  Yet, once upon a time, even with its known technology, it was worth very, very little.