Wow. All Ords just opened DOWN 24 pts.
Was a time when the AO almost religously followed the DJIA. But lately it is all over the shop. More often than not the past few weeks, it has opposed the DJIA (ie: when Dow is down, we are slightly up or when Dow is up, we go down!)
Anyone hazard a theory as to why this shift of late? Is it a seasonal thing? Is it a shift in tactics of the really big boys on the international markets playing our tiddler economy for peanuts? (I've noted a recurring common pattern in our "down" days where the AO opens strongly down in the AM then reverses late in the day to "just recover" before close).
I'm a bit baffled as to why the huge amount of cash the Feds just pumped into the economy via the family benefits hasn't resulted in a bit more interest in Oz shares?
Hmmm. Interesting but hard to fathom times.