Yeah Winner a record high at close...2137
The 1Q earnings were tepid but were above market expectation..Mr Market liked that
Media will soon be focusing on 2Q when the majority of companies report their earnings results over the next few weeks..Mr Market is taking an optimistic view...
Futures at 2141 as I type this, all time highs! Remarkable, probably bots buying the technical breakout, like Hoop said. Buy the highs, what could possibly go wrong?
One factor is that when profits are reported they are generally better than expected (not as bad as they thought they would be)
Gives rise to optimism / things are getter much better and earnings are going to grow. Markets are forward looking
You still waiting for the crash Aaron?
Still waiting. It is really a buy everything or buy nothing decision for me at the moment(Patience will win again for now but how long can this go on).
I guess I'll have to join the revolution of the people who missed the boom and the young people who never had a chance to buy real assets with funny money. On the bright side October last year, just to sate a desire to do something/anything while everyone around me becomes a millionaire I bought small lots of OGC & NCM sadly the share parcels were so small the great results aren't making much difference to my net worth.
I admire your optimistic outlook.
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