Profit taking, high dollar acting as a break on the economy, yet our big miners continue to grow.
The news headlines in this last week are of real interest to anyone considering buying in to the ASX soon. Use the hyperlinks for each company to see the chart with recent price movements - note into your workbook the percentage rise, fall or volatility - chocolate prizes in class Wednesday!
http://www.theaustralian.news.com.au/business/story/0,28124,26218546-20142,00.html
Does the news from the last few weeks give us any confidence about the timing of our current investments? Read this next blog before you come to class. Bring some summary notes so that we can discuss... http://blogs.news.com.au/news/smartinvesting/index.php/news/comments/market_timing_an_investors_game_of_chance/
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4 comments:
It does not seem as if there is much confidence in the stock market at the moment. Many of the banks have decreased in 'value' and investors have begun to take profits. If there was a bit more confidence in the stock market and the investors left their shares in there would eventually be a up turn.
the second article indicates that investors should time the stock market to see when to take their profits. however ithink that timing the stock market can not be as accurate as they say because the stock market works in a cyclical mannor meaning that yes when there is a downturn time will eventually see the upturns but there is no way of knowing how bad a stock value can fall everytime by monitoring the stock...is that right? that there is no way of accurately predicting how bad a stock can fall ?
it is likely that people are starting to invest more in the stock market at this time, as the economy moves up and down and we are recovering. this gives investers confidence to invest more although because we are just recovering investors will put their money in defensive stocks, as there is less risk.
M!CKEY
It is not a good time to invest stocks in the big banks such as Commonwealth Bank, National Australia Bank, Westpac, ANZ, Macquarie Group as this week they have significantly decreased in profit, some banks fell from as little as 14 cents to as much as $1.17. On the other hand, Major mining companies such as BHP Billiton and Rio Tinto have jumped drastically. I believe it is wise to invest into the mining industry and grab a hold of some of the gaining’s, as times ahead look confident and positive.
Alot of these big banks like Westpack, commenwealth bank, ANZ,NAB and macquarie have all seen a drop in their stock prices.
this shows that Australia's biggest banks even suffer. alot more confidence is need throughout the stock market to boost these major players in Australian banking. this articles also states when consumers become shakey they tend to back off leaving the market volatlie
hells yeh first post dunno if it was right but oh well lol
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