China

I have a view that we never really had a true mining boom – we have a mining infrastructure boom which is a very different thing. This infrastructure boom was predicated on a small upswing in demand from China – it was not based upon an explosion in commodities prices which would have been symptomatic…

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China

As can be seen from the graphic below the local market has endured an extended period of under performance relative to other Western markets. Yet, its performance is largely in line with a handful of Asian markets.   It has long been my view that local investors unfortunately suffer from a Western- centric hangover – in…

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Dow

I thought I might take a bit of a longer look at the events of last week and see what they might mean; if anything. One of the interesting things about markets is the presence of perma- bears – that is traders/pundits/general idiots who no matter what the market condition are constantly calling for the…

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Dow Jones

It looks as if at least for the interim the fun might be over – as you would expect I was booted out of my long Dow positions overnight.   As can be seen from the above chart pullbacks in extended trends are the norm and the psychology of markets is such that they can…

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