OH Crap.  AUDUSD falls below 0.75 for the first time in 2 years. Stock market took a tumble. All ordinaries lost around -3.3% today. What’s going on? On the paper, the reason, as expected, “people are expecting a 50bp rate cut tomorrow”. Well, probably. Anyway, it is indeed a bad day.

Here are some random thoughts..

It is a mess in the Aussie markets. Well, at least , in my point of view.  People are panic, they are guessing, or even expecting Australia to be hit by the same shitty condition like America. Government is putting a rescue package in front. The past glorious years have made a lot of Aussie allocating a big portion of their wealth heavily in stocks market. Not to mentioned the crappy Superannuation. Experts on the TV are still advising the dads & mums investor to hold on their positions.

Anyway, I can’t see it clearly now.  I don’t have a clear plan to work in this market condition. Uhm..so I guess, I will be better off staying aside. Am I too slow or not ‘intelligent’ enough to profit from this market condition? uhm…probably.

But, it is good to be safe, and holding cash at the moment…I guess.

From the desk of Tradergav.com


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