Club Mulgoa

Friday, August 24, 2018

Illogical SPI future...

US stocks climbed on Friday.  And the Europeans too.  And the Japanese.  ASX is often regarded as resource-based and of late, a political turmoil.  However, the new PM is business-friendly, the price of oil has gone up, gold has jumped off its low and commodity prices are recovering although it has fallen a little overnight.

How do those idiots determine that the SPI Future Index is in the negative territory at -1?  Fascinating but illogical.  I am expecting a nice charge for my energy and gold stocks.  Those tech stocks (WTC, XRO, Z1P, APT, NWL, NXT, HUB, TNE) might retreat after a metoric rise.

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