Global markets are prepared to keep buying because they know there are considerable fiscal and government stimulus “pushing money down the system to keep things working,” according to Shaw and Partners’ Adam Dawes. The ASX rallied at the end of the week, up 1.3 per cent or 5487.
5, to end in positive territory despite a slew of concerning economic figures emerging from China and the US. Mr Dawes told Sky News markets are looking “for a light at the end of the tunnel.” “They are looking for that overall potential that this thing could be over soon,” he said. “Look sometimes we see these wild volatility rides in the market, and especially in a bear market, you do see these rallies.
Shaw_Partners The global markets know that very shortly (pun intended) the Fed will buy every single failing stock out there The Fed will not allow any company of significance go under...but then hyper-inflation will hit and destroy the USD...and eventually the Fed
Shaw_Partners Nice try... Its because global markets know that very shortly (pun intended) the Fed will buy every single failing stock out there The Fed will not allow any company of significance go under...ever...until hyper-inflation hits destroys the USD and the Fed