Eat my dust GFC…
Posted on 08 December 2009
Been thinking about how our market has performed when expressed in US dollars and then versus gold and other commodities. If the ZIRPee is to remain the drink of choice of central bankers around the globe, supplemented by shots of the local currency as required, then any real stores of value are likely to be continue to be well bid.
Anyway, this ruminating lead me to update the chart of the All ordinaries comparing its monthly close to the 12 month average.
From one extreme to t’other. Going to be hard for our market to keep pushing on from here. If we don’t have a dip, then at least prices will have to hang around these levels for some time. Come to think of it, that is what we have been doing since October.
4 responses to Eat my dust GFC…
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Very interesting chart. Except for the first peak just after 27/12/2009, when the line hits 20% it always falls back to at least -10% fairly quickly.
Seems to have occured aroud:
22/12/49 (alomst)
20/12/59
17/12/69 (and again just before 15/12/79)
Just before the 87 crash, and
halfway between 89 and 99
Of course, it could go higher, but it all seems to end in tears regardless.
Very interesting chart. Except for the first peak just after 27/12/2009, when the line hits 20% it always falls back to at least -10% fairly quickly.
Seems to have occured aroud:
22/12/49 (alomst)
20/12/59
17/12/69 (and again just before 15/12/79)
Just before the 87 crash, and
halfway between 89 and 99
Of course, it could go higher, but it all seems to end in tears regardless.
Guess the average can always catch up as the higher priced nearer months take over from those older ones nearer the lows. Still with the low only being reached in Mar 09, we have a few months here where history suggests it’ll be tough to run any higher…if not take the pressure off by a decent move lower.
You know where my money is… but I’m suffering from short fatigue. (Which is as good a signal as any I guess.)
Guess the average can always catch up as the higher priced nearer months take over from those older ones nearer the lows. Still with the low only being reached in Mar 09, we have a few months here where history suggests it’ll be tough to run any higher…if not take the pressure off by a decent move lower.
You know where my money is… but I’m suffering from short fatigue. (Which is as good a signal as any I guess.)