The Consumer Discretionary Sector

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holycow

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Post Number: 1113
Registered: 08-2004

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Tuesday, April 12, 2005 - 11:23 am:

thought I have a thread just to talk about the "market" both overseas and local, and the general on going thingy, gossips, rumours, scandals, affairs and the latest in table top dancing in your region...

I go first.

1) the current US market could be in for a very slow summer summer season if you note the declining volume and the "very low" volume of trade in both markets - the SPX may be just range bound between 1150-1200 for quite a while - this is about a 50-point or 4% range on the proviso that there's no earth shattering incident;

2) I am feeling a lot of lethargy and fatigue in the participants of the local asx market at the moment. The daily/weekly sizable swings in a way I believe is wearing down the punters and taking its toll - getting caught either way time and again would make everyone taking on extra caution and turning on the jittery hat and goggles watching out for sharks sneaking from behind... at least this is what I am feeling and doing now, so not sure about other supermen in this forum. May be they are faring much better than me and I don't speak for them since this is only my "personal" view.

For the less adaptable buy and holders and the FA'ers, I think they may be reaching a point of just closing their eyes and pretend the market is still zooming up like before and then take to the mountain or the beach... not for holiday but to cry their hearts out! :-)

(cool it!, cool it... I say, this is just a tease...)

Ok, that's enough for the time being... until I hear more gossips, it's time out for me. Thank you for listening in, this is Radio Hotair 3HC in Melbourne, your current host is... naturally me, HC! Who else?

HC

"... if you've got a chart, I have an opinion!"